Topgolf Callaway Brands Q3 Non-GAAP Earnings, Revenue Decline

MT Newswires Live11-13

Topgolf Callaway Brands (MODG) reported Q3 non-GAAP earnings late Tuesday of $0.02 per diluted share, down from $0.19 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.16.

Revenue for the quarter ended Sept. 30 was $1.01 billion, down from $1.04 billion a year earlier.

Analysts surveyed by Capital IQ expected $981.8 million.

The company now expects full-year 2024 non-GAAP earnings of $0.08 to $0.13 per share, versus its prior guidance of $0.11 to $0.21. Analysts surveyed by Capital IQ expect $0.13.

The company expects revenue for the full year of $4.2 billion, compared with its previous forecast of $4.2 billion to $4.26 billion. Analysts polled by Capital IQ expect $4.2 billion.

The company expects Q4 net revenue of $885 million. Three analysts polled by Capital IQ expect $885.4 million.

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