BOSTON (AP) — BOSTON (AP) — DraftKings Inc. (DKNG) on Thursday reported a loss of $33.9 million in its first quarter.
The Boston-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
The company posted revenue of $1.41 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.42 billion.
DraftKings expects full-year revenue in the range of $6.2 billion to $6.4 billion.
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