FanDuel Parent Flutter Stock Surges as Profits Blow Past Estimates
The day after FanDuel parent company Flutter Entertainment (FLUT) revealed better-than-expected second-quarter earnings and raised its full-year revenue forecast, the company’s shares shot up on Wednesday. The global sports betting operator revealed revenue that increased by 20% year over year to $3.61 billion, above Visible Alpha’s consensus analyst projections. With a net income of $297 … Read more
