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.

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