DraftKings Q1 2024 Adj EPS $0.03 Beats $(0.28) Estimate
Portfolio Pulse from Benzinga Newsdesk
DraftKings reported its Q1 2024 adjusted earnings per share (EPS) at $0.03, surpassing the estimated loss of $(0.28). This performance indicates a significant positive turnaround for the company.
May 02, 2024 | 8:17 pm
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DraftKings reported a Q1 2024 adjusted EPS of $0.03, exceeding the expected loss of $(0.28), showcasing a strong financial performance.
DraftKings' reported earnings significantly exceeded analysts' expectations, which typically leads to a positive short-term impact on the stock price. The substantial beat suggests operational efficiency and potentially higher investor confidence in the company's growth trajectory.
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