TheNewsRoom | CryptoLogic, Callaway Golf Fall on Earnings Warnings

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CryptoLogic, Callaway Golf Fall on Earnings Warnings

October 16, 2009

Internet gaming software company CyptoLogic (CRYP) warned that it expects to report lower revenue and a loss, after wagering volumes for the quarter were sluggish, and the usual seasonal uptick that typically comes in September was well below historical trends. The company's management expressed confidence that the business can return to profitability and long term growth, but at a slower rate than originally anticipated.