Investing.com - Flutter Entertainment reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Flutter Entertainment announced earnings per share of £0.972 on revenue of £3.38B. Analysts polled by Investing.com anticipated EPS of £0.9142 on revenue of £1.62B.
Flutter Entertainment shares are down 12% from the beginning of the year, still down 36.71% from its 52 week high of £16,275.00 set on September 22, 2021. They are broadly in line with the Euro Stoxx 50 which is down 12.17% from the start of the year.
Flutter Entertainment shares gained 9.79% in intra-day trade following the report.
Flutter Entertainment follows other major Consumer Discretionary sector earnings this month
Flutter Entertainment's report follows an earnings beat by Hyundai Motor DRC on July 21, who reported EPS of £3.14 on revenue of £27.53B, compared to forecasts EPS of £3 on revenue of £25.63B.
Mahindra and Mahindra had missed expectations on August 5 with second quarter EPS of £0.1552 on revenue of £2.47B, compared to forecast for EPS of £0.1599 on revenue of £2.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar