FanDuel Parent Flutter Entertainment Stock Climbs On Q2 Results, Raises Guidance: What To Know
Portfolio Pulse from Erica Kollmann
Flutter Entertainment (NYSE:FLUT) reported strong Q2 results with earnings of $2.61 per share and revenue of $3.611 million, both up significantly year-over-year. The company raised its fiscal year U.S. revenue guidance to $6.05 billion to $6.35 billion. Shares of Flutter rose 10.18% after-hours. DraftKings (NASDAQ:DKNG) shares fell 5% after-hours following Flutter's earnings release.
August 13, 2024 | 8:58 pm
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POSITIVE IMPACT
Flutter Entertainment reported strong Q2 results with earnings of $2.61 per share and revenue of $3.611 million, both up significantly year-over-year. The company raised its fiscal year U.S. revenue guidance to $6.05 billion to $6.35 billion. Shares of Flutter rose 10.18% after-hours.
The strong Q2 results and raised guidance indicate positive financial health and growth prospects, leading to a significant rise in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
DraftKings shares fell 5% after-hours following Flutter Entertainment's strong Q2 earnings report and raised guidance.
DraftKings shares fell as investors may perceive Flutter's strong performance and raised guidance as a competitive threat.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50