Friday, July 27, 2007

Fortune Brands net down on housing downturn, costs

(Reuters) - Fortune, which makes Titleist golf equipment, Jim Beam bourbon and Sauza tequila, posted second-quarter net income of $232 million, or $1.48 per share, down from $248 million, or $1.63 per share, a year before, when results were boosted by a tax-related gain.



Excluding a restructuring-related charge, the company earned $1.53 per share.


Read more at Reuters.com Market News

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