Flutter Entertainment PLC (NYSE: FLUT), which many U.S. investors know as the parent company of the sports betting site FanDuel, announced its quarterly earnings on May 7. The company missed on the top and bottom lines. Earnings per share (EPS) of $1.59 missed estimates of $1.89. Revenue of $3.67 billion came in light of expectations for $3.84 billion.
[content-module:CompanyOverview|NYSE:FLUT]FLUT stock dropped approximately 4% on that news, but has cut that loss nearly in half as of this writing. Investors are taking a closer look at the report and less at the headline numbers. When they do, they see a solid company in a resilient industry that may have the worst priced in.
