Topgolf Callaway shares are trading lower after the company reported mixed Q3 financial results, issued Q4 revenue guidance below estimates and lowered FY23 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway reported mixed Q3 financial results and issued Q4 revenue guidance below estimates. The company also lowered its FY23 EPS and revenue guidance below estimates, causing its shares to trade lower.
November 09, 2023 | 1:37 pm
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Topgolf Callaway's shares are trading lower due to mixed Q3 results and lower-than-expected Q4 and FY23 revenue and EPS guidance.
Topgolf Callaway's lower-than-expected Q4 and FY23 guidance indicates potential challenges in the company's future performance, which is likely causing investor concern and leading to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100