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Shares of Callaway Golf Co. ​were volatile in Wednesday's extended session after the sporting goods company posted disappointing quarterly results​. Callaway​ reported its fourth-quarter loss widened to $28 million, or 30 cents a share, from a loss of $19 million, or 20 cents a share, a year earlier. Revenue fell to $181 million versus $192 million a year ago. On an adjusted basis, the company would have lost 32 cents a share. Analysts surveyed by FactSet had forecast a loss of 31 cents a share on revenue of $176 million. For 2019, Callaway projected earnings per share of 93 cents to $1.03, below analysts' estimate of $1.06 but its sales outlook of $1.67 billion to $1.7 billion is better than Wall Street's forecast of $1.57 billion.​ Callaway shares were last down 0.3% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.