FuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021_老虎社区_美港股上老虎

FuboTV stock jumps more than 10% after sports-focused streamer predicts sales will double in 2021

Market Wacth2021-08-11

FuboTV Inc. easily surpassed expectations for sales growth in the second quarter and executives increased their forecast, calling for full-year revenue to more than double, sending shares more than ...

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After adjusting for stock-based compensation and other costs, the company reported losses of 38 cents a share, an improvement from $2.46 a share in the year-ago quarter.Analysts on average expected adjusted losses of 49 cents a share on revenue of $121.4 million, according to FactSet, after the company forecast sales of $120 million to $122 million. Shares soared more than 10% higher in the extended session, after closing with a 2.5% gain at $28.64.\nIn response, Fubo executives increased their full-year guidance for revenue to $560 million to $570 million, after previously stating $520 million to $530 million; FuboTV reported 2020 sales of $268.8 million. 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