DraftKings Raises Long-Term Profit Outlook
Online gambling company DraftKings (NASDAQ: DKNG) held an investor day on March 3. One of the crucial developments that shareholders came away with was that management had initially underestimated its long-term profit potential.
As a result, DraftKings raised that profit outlook and explained the good news to investors. Let's unpack what was said during the presentation.
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Source Fool.com