Why Topgolf Callaway Stock Was Taking a Dive Today
Shares of Topgolf Callaway Brands (NYSE: MODG) were sliding today after the golf and entertainment company beat estimates in its first-quarter earnings report but cut its full-year guidance.
As a result, the stock was down 17.7% as of 12:55 p.m. ET.
Topgolf Callaway, which offers both Topgolf entertainment venues and Callaway golf equipment, posted solid results in the quarter with revenue up 12.% to $1.17 billion, topping estimates at $1.14 billion.
Source Fool.com
