DraftKings (DKNG) Reports Q3 Loss, Lags Revenue Estimates

DraftKings (DKNG) came out with a quarterly loss of $0.60 per share versus the Zacks Consensus Estimate of a loss of$ 0.42. This compares to loss of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this company would post a loss of$ 0.03 per share when it actually produced earnings of $0.12, delivering a surprise of 500%.Over the last four quarters, the company has surpassed co ...