Topgolf Callaway Brands Sees Q3 Revenue $970M-$990M Vs $1.14B Est.; FY Revenue $4.20B-$4.26B Vs $4.45B Est.
Portfolio Pulse from Benzinga Newsdesk
Topgolf Callaway Brands (MODG) has reported its Q3 revenue to be between $970 million and $990 million, which is significantly lower than the estimated $1.14 billion. Additionally, the company has revised its full-year revenue forecast to $4.20 billion to $4.26 billion, down from the previous estimate of $4.45 billion.
August 07, 2024 | 7:46 pm
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Topgolf Callaway Brands (MODG) has reported lower-than-expected Q3 revenue and has revised its full-year revenue forecast downward. This could negatively impact the stock price in the short term.
The significant miss in Q3 revenue estimates and the downward revision of the full-year revenue forecast are likely to be viewed negatively by investors, leading to a potential decline in the stock price.
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IMPORTANCE 90
RELEVANCE 100