On November 6, Flutter Entertainment PLC fell 8.72% in regular trading, trading at $78.06/share, with turnover of $24.232 million.
The move was closely tied to the company’s latest quarterly results and reduced full-year revenue outlook, which reinforced pressure already seen after the earnings release.
Flutter Entertainment PLC reported a Q3 adjusted loss of $0.18 per share, compared with adjusted earnings of $1.64 per share a year earlier, while revenue rose to $3.874 billion from $3.79 billion but missed market expectations. The company also cut its revenue guidance to $17.34 billion-$17.89 billion from $17.44 billion-$18.39 billion previously, with the midpoint below market expectations, indicating softer growth visibility and helping explain the stock’s renewed weakness.
(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.)
Comments