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Why fuboTV Stock Popped, Then Dropped

TheMotleyFool

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fuboTV (NYSE: FUBO) stock fared better than most in yesterday's Japan-inspired market rout, losing only 1.5% -- and only half as bad as the S&P 500 index's 3% loss. The good news seemed ready to keep on rolling this morning, too, when fuboTV reported better-than-expected sales and earnings, inspiring an early 15% pop in the stock.

But then it vanished.

As of 9:45 a.m. ET, fuboTV has already turned tail and moved lower, down 2.3%. This despite the fact that the live sports streaming service reported only a $0.04-per-share loss for its fiscal second quarter of 2024 (analysts expected a $0.15 loss) and the fact that fuboTV recorded revenues of $380.9 million (analysts predicted only $368.2 million).

Source Fool.com

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