DraftKings (DKNG) stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings call. “I am very excited about 2023.” DraftKings CEO Jason Robins said on Friday’s earnings call. “We are more focused than ever on …
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DraftKings (DKNG) stock popped late Thursday after the sportsbook operator posted a revenue beat and narrower-than-expected loss for its fourth quarter. The company reported an adjusted EBITDA loss of $49.9 million. Wall Street had expected the sportsbook to lose more than double that amount. DraftKings lost $0.53 per share in …
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Shares of Bed Bath & Beyond Inc. BBBY, -4.66% sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after the stock rocketed 92.1% on Feb. 6, even amid growing concerns the home goods retailer was nearing bankruptcy. The stock …
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Shares of Credo Technology Group Holding Ltd. plummeted toward a record one-day selloff after the data infrastructure networking company disclosed that its largest customer cut demand for its products. The selloff comes the day after the stock closed at a record $19.36 on Tuesday. The company said in an 8-K …
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Shares of Sabre Corp. SABR, -21.20% tumbled 10.7% in premarket trading Wednesday, after the provider of booking software to the travel industry said travel trends continued to recover, but still reported a wider-than-expected fourth-quarter loss and gave a downbeat first-quarter revenue outlook. The net loss narrowed to $165.4 million, or …
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