DraftKings’ (DKNG) 3Q adjusted earnings came in at -$0.61 versus an estimated -$0.69 and its revenue came in at $789.96M versus an estimated $702.26M. George Tsilis discusses DKNG’s earnings as the stock touched a new 52-week high today. He talks about how DKNG is up more than 200% year-to-date. A Morgan Stanley analyst notes that “this remains one of the best idiosyncratic growth stories within consumer despite a choppy economic environment.” Tsilis then demonstrates an example trade using DKNG. Tune in to find out more about the stock market today.
Trading 360
07 Nov 2023
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