Flutter Entertainment's U.S. Guidance Cut Disappoints -- Market Talk

Dow Jones01-08 21:13

1313 GMT - Flutter Entertainment's lowered U.S. guidance is disappointing, AJ Bell's Russ Mould writes in a note. "America was meant to be the land of opportunity for Flutter but it hasn't quite worked out that way since moving its primary listing to New York last year," Mould says. The parent company of FanDuel and other gaming and gambling brands issued a warning about a hit to earnings, triggering a shares sell-off. The downgrade will focus management's minds on finding new ways to get back on top, he adds. Shares remain unchanged at $251.86.( najat.kantouar@wsj.com)

(END) Dow Jones Newswires

January 08, 2025 08:13 ET (13:13 GMT)

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