DraftKings Notches First Profitable Quarter, Could Repeat Feat in Q4

Shares of DraftKings (NASDAQ: DKNG) spiked in Thursday’s after-hours trading session after the online sportsbook operator delivered its first profitable quarter as a public company. Inside a DraftKings office. The company was profitable in the second quarter and lifted its 2023 guidance. (Image: Wall Street Journal) The Boston-based company said its non-generally accepted accounting principles …