DraftKings (DKNG) Reports Q3 Loss, Lags Revenue Estimates
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DraftKings (DKNG) reported a Q3 loss of $0.60 per share, missing the Zacks Consensus Estimate of a $0.42 loss. This is a slight improvement from last year's $0.61 loss per share.
November 08, 2024 | 12:00 am
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NEGATIVE IMPACT
DraftKings reported a Q3 loss of $0.60 per share, which is worse than the expected $0.42 loss. This may negatively impact the stock price in the short term.
The reported loss per share of $0.60 is worse than the expected $0.42, indicating underperformance. This is likely to lead to a negative reaction from investors, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100