DraftKings: Q4 Earnings Snapshot

Associated Press Finance
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BOSTON (AP) — BOSTON (AP) — DraftKings Inc. (DKNG) on Thursday reported a loss of $44.6 million in its fourth quarter.

On a per-share basis, the Boston-based company said it had a loss of 10 cents.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The company posted revenue of $1.23 billion in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $1.22 billion.

For the year, the company reported a loss of $802.1 million, or $1.73 per share. Revenue was reported as $3.67 billion.

DraftKings expects full-year revenue in the range of $4.65 billion to $4.9 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DKNG at https://www.zacks.com/ap/DKNG

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