Movement Alert｜Flutter Entertainment PLC Falls 7.21% in Pre-Market Trading, Q3 Miss and Lower Revenue Outlook Keep Pressure on Shares

Market Focus11-06

On November 6, Flutter Entertainment PLC fell 7.21% in Pre-Market Trading, trading at $76.0/share, with turnover of $195,800.

The move followed continued fallout from the company’s latest quarterly report, which showed a Q3 adjusted loss of $0.18 per share versus adjusted earnings of $1.64 a year earlier, while revenue rose to $3.874 billion from $3.79 billion but missed market expectations.

Management also cut its revenue outlook to $17.34 billion-$17.89 billion from $17.44 billion-$18.39 billion previously, with the midpoint below analyst expectations. The combination of an earnings miss and another guidance reduction appears to be the clearest direct driver behind the renewed selling pressure after the earlier post-earnings decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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