NEW YORK (AP) — NEW YORK (AP) — Flutter Entertainment PLC (FLUT) on Thursday reported a loss of $8 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to $1.74 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The online gambling company posted revenue of $4.74 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $4.96 billion.
For the year, the company reported a loss of $310 million, or $1.75 per share. Revenue was reported as $16.38 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLUT at https://www.zacks.com/ap/FLUT