DraftKings shares fall 21% on 2022 outlook

By Admin

Shares of DraftKings fell 21.6% Friday after it posted fourth-quarter earnings that beat analyst estimates for the quarter but revealed the company expects a greater adjusted loss for 2022 than analysts had projected. Here’s what the company reported: Loss per share: 35 cents, ex-items vs 81 cents estimated, according to a Refinitiv survey of analysts…