DraftKings Q2 Adj EPS $0.14 Beats $(0.25) Estimate, Sales $874.93M Beat $759.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings reported Q2 adjusted earnings of $0.14 per share, beating the analyst consensus estimate of $(0.25) by 156 percent. This represents a 148.28 percent increase over losses from the same period last year. The company also reported quarterly sales of $874.93 million, beating the analyst consensus estimate of $759.55 million by 15.19 percent, a 87.68 percent increase over sales from the same period last year.
August 04, 2023 | 2:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DraftKings reported strong Q2 results, beating both earnings and sales estimates. This could potentially lead to a positive impact on the company's stock.
DraftKings reported a significant increase in both earnings and sales compared to the same period last year, and also beat analyst estimates. This strong performance could potentially lead to increased investor confidence and a positive impact on the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100