Callaway Golf Co. said late Wednesday that second-quarter profit fell 81 percent to $6.9 million in the second quarter as the global recession and shifting exchange rates sent club sales into the rough.

The Carlsbad company reported second-quarter sales of $302 million, a 17 percent decline from the year-ago quarter. The strengthening dollar accounted for nearly one-third of that fall; about half of the company's sales are made outside the U.S.

Shares of the company rose 4 cents to close at $5.68 before the company's announcement and remained unchanged in after-hours trading Wednesday. The stock fell from around $14 last summer to a low of $4.80 earlier this month.

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