Flutter: Q1 Earnings Snapshot
The Dublin-based company said it had profit of $1.57 per share. Earnings, adjusted for one-time gains and costs, were $1.59 per share.
The online gambling company posted revenue of $3.67 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $3.66 billion.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
10 minutes ago
- San Francisco Chronicle
A key US inflation gauge rose last month as Trump's tariffs lifted goods prices
WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge ticked higher last month in a sign that President Donald Trump's broad-based tariffs are starting to lift prices for many goods. Prices rose 2.6% in June compared with a year ago, the Commerce Department said Thursday, up from an annual pace of 2.4% in May. Excluding the volatile food and energy categories, prices rose 2.8% in the past year, the same as the previous month, which was revised higher. The figures are above the Fed's 2% goal. The uptick in prices helps explain the central bank's reluctance to cut its key interest rate this week, despite repeated demands from Trump that it do so. On Wednesday, the Fed left its key rate unchanged at 4.3%, and Chair Fed Powell suggested it could take months for the central bank to determine whether the import duties will cause just a one-time rise in prices or a more persistent increase in inflation. On a monthly basis, prices ticked up 0.3% from May to June, while core prices also rose 0.3%. Both figures are higher than consistent with the 2% target. The government's measure of gas prices jumped 0.9% from May to June, while grocery costs rose 0.3%. Many longer-lasting goods that are heavily imported saw clear price increases, with furniture prices up 1.3% just last month, appliances up 1.9%, and computers up 1.4%. The cost of some services fell dramatically last month, offsetting the price pressures from goods. Air fares dropped 0.7% from May to June, while the cost of hotel rooms plunged 3.6% just in one month. Thursday's report also showed that consumer spending rose 0.3% from May to June, a modest rise that suggests Americans are still spending cautiously. Adjusted for inflation, the increase was just 0.1%, the government said. Consumers have been cautious all year. On Wednesday, the government said the economy expanded at a 3% annual rate in the second quarter, a solid showing but one that masked some red flags. Consumer spending, for example, rose at a lackluster 1.4% pace, after an even smaller gain of 0.5% in the first three months of the year. A sharp drop in imports in the April-June quarter, which followed a surge in the first quarter, provided a big lift to the government's calculation of U.S. gross domestic product. Earlier this month, the government reported that its more closely-watched consumer price index, its primary inflation measure, also ticked higher in June as the cost of heavily-imported items such as appliances, furniture, and toys increased.
San Francisco Chronicle
10 minutes ago
- San Francisco Chronicle
Alert: Slightly more Americans filed for jobless benefits last week as businesses continue to retain staff despite uncertainty
WASHINGTON (AP) — Slightly more Americans filed for jobless benefits last week as businesses continue to retain staff despite uncertainty.
The Hill
10 minutes ago
- The Hill
US applications for jobless benefits inch up for the first time in 7 weeks, but layoffs remain low
WASHINGTON (AP) — The number of Americans filing for jobless benefits inched up modestly last week as business continue to retain staff despite economic uncertainty around U.S. trade policy. The Labor Department reported Thursday that jobless claims for the week ending July 26 ticked up by 1,000 to 218,000, less than the 225,000 new applications analysts forecast. It was the first time in seven weeks that benefit applications rose, although layoffs remain at historically low levels. Weekly applications for jobless benefits are seen as representative of U.S. layoffs and have mostly settled in a historically healthy range between 200,000 and 250,000 since COVID-19 throttled the economy in the spring of 2020, wiping out millions of jobs. Earlier in July, the Labor Department reported that U.S. employers added a surprisingly strong 147,000 jobs in June, adding to evidence that the American labor market continues to show resilience despite uncertainty over President Donald Trump's economic policies. The job gains were much more than expected and the unemployment rate ticked down 4.1% from 4.2% in May. The government issues its July jobs report on Friday. Though the top line numbers reflect a broadly healthy labor market by historical standards, some weakness has surfaced as employers contend with fallout from Trump's policies, especially his aggressive tariffs, which raise prices for businesses and consumers. If consumers continue to pull back on spending, a decline in demand could push businesses to freeze hiring or cut staff. This week, government data showed that employers posted 7.4 million job vacancies in June, down from 7.7 million in May. The number of people quitting their jobs — a sign of confidence in their prospects elsewhere — fell in June to the lowest level since December. Hiring also fell from May. The deadline on most of Trump's stiff proposed taxes on imports were extended again until Friday, though some deals have been made and other deadlines to negotiate have been extended. Unless Trump reaches deals with countries to lower the tariffs, economists fear they could act as a drag on the economy and spark another rise in inflation. Companies that have announced job cuts this year include Procter & Gamble, Dow, CNN, Starbucks, Southwest Airlines, Microsoft, Google and Facebook parent company Meta. Most recently, Intel and The Walt Disney Co. announced staff reductions. The Labor Department's report Thursday also said that the four-week average of claims, which evens out some of the week-to-week fluctuations, fell by 3,500 to 221,000. The total number of Americans collecting unemployment benefits for the previous week of July 19 was unchanged at 1.95 million.
