Topgolf Callaway: Q4 Earnings Snapshot
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Topgolf Callaway Brands Corp. (MODG) on Tuesday reported a loss of $77.1 million in its fourth quarter.
CARLSBAD, Calif. (AP) — CARLSBAD, Calif. (AP) — Topgolf Callaway Brands Corp. (MODG) on Tuesday reported a loss of $77.1 million in its fourth quarter.
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The Carlsbad, California-based company said it had a loss of 42 cents per share. Losses, adjusted for non-recurring costs and amortization costs, were 30 cents per share.
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The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The maker of golf equipment and accessories posted revenue of $897.1 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $865.9 million.
For the year, the company reported profit of $95 million, or 50 cents per share. Revenue was reported as $4.28 billion.
For the current quarter ending in March, Topgolf Callaway said it expects revenue in the range of $1.14 billion to $1.16 billion.
The company expects full-year earnings in the range of 26 cents to 34 cents per share, with revenue ranging from $4.51 billion to $4.56 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MODG at https://www.zacks.com/ap/MODG