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Stifel lowers Q3 online gambling earnings forecasts

Deals & M&A

Stifel lowered its third-quarter earnings estimates for several major online gambling companies, according to a media report. The report attributed the revisions to unfavourable sports results and rising costs, but the snippet gives no further detail.

Lower forecasts may affect investor expectations for online gambling companies’ quarterly performance.

Cite as: SectorWire, “Stifel lowers Q3 online gambling earnings forecasts”, https://sectorwire.news/item/stifel-lowers-q3-online-gambling-earnings-forecasts/

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