A head-fake in the final hour looked like it might resurrect an otherwise sour trading day, but headed back south even as it closed off the morning lows.
Flutter Entertainment Plc (NYSEFLUT) reported Q4 financial results with revenue of $3.79B, up 14% Y/Y but below consensus. Adjusted EPS of $2.94 beat expectations and the company projects a strong FY25 outlook with revenue of $15.48B-$16.38B and adjusted EBITDA of $2.94B-$3.38B. FLUT shares are up 2.19% premarket on the news.
Activist investor Dan Loeb‘s Third Point LLC has significantly ramped up its stakes in Flutter Entertainment, Elon Musk's Tesla, and Mark Zuckerberg's Meta Platforms during the final quarter of 2024.
Flutter Entertainment shares are trading lower in Tuesday's after-hours session after the company cut near-term guidance due to a period of "very unfavorable" sports results.
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Billionaire investor Chase Coleman's hedge fund, Tiger Global Management, filed its latest Form 13F on Thursday and disclosed its trading activity from the prior quarter.
