DraftKings Q3 EPS $(0.61) Beats $(0.70) Estimate, Sales $789.96M Beat $685.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings reported Q3 losses of $(0.61) per share, beating the analyst consensus estimate of $(0.70) by 12.86 percent. This is a 39 percent increase over losses from the same period last year. The company also reported quarterly sales of $789.96 million, beating the analyst consensus estimate of $685.21 million by 15.29 percent, a 57.38 percent increase over sales from the same period last year.
November 02, 2023 | 8:18 pm
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DraftKings reported better than expected Q3 results, with losses and sales beating analyst estimates.
DraftKings reported better than expected Q3 results, with both losses per share and sales beating analyst estimates. This positive financial performance could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100