DraftKings: Q2 Earnings Snapshot – mySA

BOSTON (AP) _ DraftKings Inc. (DKNG) on Friday reported a loss of $217.1 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 50 cents.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 87 cents per share.

The company posted revenue of $466.2 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $438.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DKNG at https://www.zacks.com/ap/DKNG

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