DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone.DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.Here's what DraftKings reported compared with what Wall Street was expecting, according to analyst estimates compiled by LSEG, formerly known as Refinitiv:Loss per share: 10 cents vs. expected profit of 8 centsRevenue: $1.23 billion vs.$1.24 billion expectedThe sports betting company sa ...