initial public offerings (IPOs) trading on American exchanges

Friday, May 15, 2020

DraftKings (DKNG) reported earnings on Fri 15 May 20 (b/o)

  • Flying Eagle (FEAC) launched the Draft Kings (DKNG) IPO at $9 on April 24.
  • First pure play in sports betting
** charts after earnings **

 DraftKings reports Q1 results; beats on EPS, reports revs +30% yr/yr
  • DKNG reports Q1 GAAP loss per share of $0.04 (vs -$0.16 consensus)
  • Co notes Revenue grew 30%, despite COVID-19

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