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. 

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Source Fool.com