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via seekingalpha.comBusiness & Companies

Callaway Golf shares jump as company raises full-year outlook

FROM THE WIRE · SEEKINGALPHA.COM

[Golf clubs in golf bag] CatLane Callaway Golf (CALY [https://seekingalpha.com/symbol/CALY]) delivered a stronger-than-expected third quarter and raised its full-year adjusted EBITDA outlook, sending shares up about 12% on Friday as the company reported higher margins and…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA better-than-expected third quarter and a raised outlook explain the share gain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter adjusted earnings were 12 cents per share versus a 2.1 cent consensus.
  2. 02Adjusted EBITDA rose 17.3% to $35.9 million.
  3. 03Revenue fell 5.6% to $436.9 million but beat expectations.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Callaway Golf CompanyCALYStock16.38 USD-0.64%today +2.86%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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