June 18, 2021
Business News

DraftKings stock fell after earnings report, but CEO says ‘nothing’ suggests a slowdown

Shares of online betting platform DraftKings (DKNG) were down nearly 7% at market close on Friday after first-quarter financial results that reported a wider than expected loss and higher expenses as more parts of the U.S. legalize sports gambling

But DraftKings CEO and co-founder Jason Robins struck an optimistic tone when speaking to Yahoo Finance Live on Friday, noting the company beat estimates on earnings per share and raised its full-year guidance by 16% amid increased enthusiasm for sports…

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