DraftKings (DKNG) Tops Q1 EPS by 34c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
DraftKings (DKNG) shares surge following beat and raise, but analysts still cautious
May 5, 2023 10:10 AM EDTDraftKings (NASDAQ: DKNG) shares jumped more than 18% at the open on Friday after reporting first-quarter earnings and revenue above analyst consensus expectations.
The sports betting company posted a narrower-than-expected loss of $0.51 per share, compared to the analyst estimate of a loss of $0.85 per share. Revenue for the quarter came rose 84% YoY to $770 million versus the consensus estimate of $694.81 million.
The company's strong revenue performance was driven primarily by its efficient acquisition of new customers, product innovation driving higher hold percentage, decreased promotional... More
