Why DraftKings bulls are cheering, even after a rare earnings miss

DraftKings shares were shrugging off the company’s latest earnings report, but bulls found plenty of reasons to cheer. As MoffettNathanson’s Robert Fishman put it, “it is not really an exaggeration to say almost everything went right for DraftKings” in 2023, and the biggest stumbling block for the company was likely adverse outcomes for some sporting events. Those negative event outcomes helped drive the company to a surprise loss in the latest quarter. Prior to that, DraftKings DKNG, +0.35% had beaten bott ...