October 24, 2008

Titleist parent Fortune Brands reports third-quarter drop in golf (PGA)

MOLINE, Ill. — Fortune Brands, Inc. (NYSE: FO), whose companies include Titleist, FootJoy and Pinnacle brands in golf, reported earnings per diluted share increased 66 percent to $2.21 for the quarter. Excluding one-time items, diluted EPS from continuing operations was $1.11, down 17 percent. Net sales were off 10 percent at $1.92 billion.

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