DraftKings Q4 Sales $1.23B Miss $1.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings (NASDAQ:DKNG) reported Q4 sales of $1.23 billion, missing the analyst consensus estimate of $1.24 billion by 0.77%. This represents a 43.95% increase over the same period last year.
February 15, 2024 | 9:26 pm
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DraftKings reported Q4 sales of $1.23 billion, missing estimates by 0.77% but showing significant growth from the previous year.
While DraftKings missed the sales estimates slightly, the significant year-over-year growth indicates strong business performance. This mixed result could lead to neutral short-term stock price movement as investors weigh the missed expectations against the growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100