Why Is Flutter Entertainment (FLUT) Stock Up 8% Today?

Flutter Entertainment (NYSE:FLUT) stock is on the rise Wednesday after the sports betting and gaming company announced its latest earnings results. The good news for FLUT stock starts with its adjusted earnings per share of $2.61. This is well above the $1.42 per share Wall Street was expecting. It's also a 56% increase year-over-year from $1.67 per share. Revenue was also strong at $3.61 billion. That's another beat compared to analysts' estimate of $2.65 billion for the quarter. It's also a 20% increase f ...