BOSTON (AP) — BOSTON (AP) — DraftKings Inc. (DKNG) on Thursday reported a loss of $67.6 million in its second quarter.
The Boston-based company said it had a loss of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The company posted revenue of $1.44 billion in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $1.5 billion.
DraftKings expects full-year revenue in the range of $6.5 billion to $6.9 billion.
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