Callaway Golf shares fall approximately 21% despite raising lower end of annual revenue guidance
CALY Callaway Golf Co
$17.37 -0.34%
View chart & analysis → - 1Callaway Golf management narrowed the range of its annual revenue guidance by raising the lower end in the previous update.
- 2Shares subsequently fell approximately 21%, underperforming the S&P 500 by more than 20 percentage points.
- 3Analysts project Callaway Golf's third-quarter earnings per share to be approximately 1 penny and third-quarter revenue to be approximately $428.5 million.
So what's the key point?
Callaway Golf raised its minimum expected annual revenue. However, the stock price fell about 21%, performing worse than the market.
Source Earnings Whispers · View original ↗
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