Stock Track | Acushnet Shares Soar After Strong Q3 Earnings, Upbeat Outlook

Stock Track11-07

Shares of Acushnet Holdings Corp. (NYSE: GOLF), the maker of popular Titleist golf balls and clubs, surged as much as 9.56% in early trading on Wednesday after the company reported better-than-expected third-quarter earnings and raised its full-year guidance, reflecting continued strong demand for golf equipment and apparel.

For the three months ended September 30, Acushnet posted net income of $56.2 million, or $0.89 per diluted share, surpassing analysts' consensus estimate of $0.79 per share. Revenue rose 4.6% year-over-year to $620.5 million, edging past Wall Street's expectations of $620.4 million.

Boosted by the solid quarterly performance, Acushnet raised its full-year 2024 revenue outlook to a range of $2.45 billion to $2.5 billion, up from its prior guidance of $2.43 billion to $2.48 billion. The company now expects full-year adjusted EBITDA between $395 million and $405 million, compared to the previous range of $385 million to $400 million.

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(NYSE: GOLF), the maker of popular Titleist golf balls and clubs, surged as much as 9.56% in early trading on Wednesday after the company reported better-than-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOLF","symbol_name":"高尔史密斯国际控股","start_time":0,"source_url":"","article_id":"1184612576","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184612576","pubTimestamp":1730989957,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Acushnet Holdings Corp. , the maker of popular Titleist golf balls and clubs, surged as much as 9.56% in early trading on Wednesday after the company reported better-than-expected third-quarter earnings and raised its full-year guidance, reflecting continued strong demand for golf equipment and apparel.For the three months ended September 30, Acushnet posted net income of $56.2 million, or $0.89 per diluted share, surpassing analysts' consensus estimate of $0.79 per share. 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