DraftKings Shares Fall After EPS Beat, Lower EBITDA Guidance

DraftKings NASDAQ: DKNG is in the consumer discretionary sector and is the 17th largest U.S. company in the Hotel, Restaurants, and Leisure industry, with a market capitalization of $17 billion. It is underperforming its sector so far in 2024, with a total return of 0.7%. The Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY has returned 2.7%. The company reported Q2 2024 financial results on Aug 1, 2024. I'll start by going over the operations of the business and then review the earnings report. ...