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FAIRHAVEN, Mass. - Acushnet Holdings Corp. (NYSE:GOLF), a global leader in golf equipment, reported third quarter earnings that fell short of analyst expectations on Wednesday, despite posting better-than-expected revenue.
The company’s shares dropped 3.77% in pre-market trading following the announcement.
The golf equipment manufacturer reported adjusted earnings per share of $0.81 for the third quarter, missing the analyst consensus of $0.85 by $0.04. However, revenue came in at $657.66 million, surpassing the consensus estimate of $634.43 million.
The stock decline reflects investor disappointment with the earnings miss, even as the company delivered stronger-than-expected sales. Acushnet also provided full-year 2025 revenue guidance of $2.52-2.54 billion, which exceeds the analyst consensus of $2.515 billion. The midpoint of this guidance range ($2.53 billion) is 0.6% above analyst expectations.
Acushnet is known for its premium golf brands including Titleist and FootJoy. The company has maintained its position as a leading manufacturer of performance-driven golf products since entering the golf ball business in 1932.
The company held a conference call for investors on Wednesday morning to discuss the third quarter results in more detail.
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