DraftKings Stock Slides on Wider-Than-Expected Quarterly Loss and Revenue Miss

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DraftKings, the online sports betting company, was falling sharply in premarket trading Friday after reporting a third-quarter loss wider than analysts’ expectations and revenue that missed forecasts.

DraftKings (ticker: DKNG) posted a quarterly loss of $1.35 a share on revenue of $213 million.

Analysts expected DraftKings to report a third-quarter…

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