Topgolf Callaway stock drops 6% after company’s Q2 revenue miss

Topgolf Callaway Brands Corp.

shares dropped more than 6% in the extended session Tuesday after the retailer reported a slightly lower-than-expected quarterly revenue. The company earned $117.4 million, or 59 cents a share, in the second quarter, compared with $105.4 million, or 53 cents a share, in the year-ago quarter. Adjusted for one-time items, Topgolf earned 39 cents a share. Analysts polled by FactSet expected the company to earn an adjusted 34 cents a share. Revenue rose 64% to $1.18 billion, from $1.

shares dropped more than 6% in the extended session Tuesday after the retailer reported a slightly lower-than-expected quarterly revenue. The company earned $117.4 million, or 59 cents a share, in the second quarter, compared with $105.4 million, or 53 cents a share, in the year-ago quarter. Adjusted for one-time items, Topgolf earned 39 cents a share. Analysts polled by FactSet expected the company to earn an adjusted 34 cents a share. Revenue rose 64% to $1.18 billion, from $1.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Yellow Corp., a 99-year-old trucking company, files for bankruptcyYellow Corp., a once-dominant US trucking company, has filed for bankruptcy as it winds down its 99-year-old business that employs 30,000 workers. Yellow Corp., formerly known as Yellow Freight, was one of the dominant carriers in the less-than-truckload (LTL) segment. Along with two other unionized LTL rivals, Roadway and Consolidated Freight, Yellow was part of the Big Three in the industry.
Fuente: ABC7NY - 🏆 592. / 51 Leer más »