FanDuel Parent Flutter Stock Surges as Profits Blow Past Estimates
FLUTFlutter Entertainment(FLUT) Investopedia·2024-08-14 22:37

Key TakeawaysShares of FanDuel parent Flutter Entertainment jumped Wednesday, a day after it reported better-than-expected second-quarter earnings and lifted its full-year revenue outlook.Revenue and net income rose year-over-year, leading Flutter to also lift its outlook for its U.S. and non-U.S. revenue for the full year.The company also tightened its focus on the U.S. in the quarter, shifting its headquarters and primary stock listing to New York. Shares of FanDuel parent Flutter Entertainment (FLUT) sur ...