ORIONS Money Stocks

[Monksdream]

Still waking up. Walk him around. Walk him around. The kid's no trooper, send him home. (senior moment)

Shares of fuboTV Inc. (NYSE:FUBO – Get Rating) gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $2.97, but opened at $3.55. fuboTV shares last traded at $3.46, with a volume of 296,217 shares traded.

The company reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.06. The business had revenue of $221.89 million for the quarter, compared to the consensus estimate of $226.02 million. fuboTV had a negative return on equity of 69.79% and a negative net margin of 55.63%.

The company also reported it has laid off staff due to the pandemic. It is dropping the sports betting segment to concentrate on streaming live sports events. I think its major market is soccer fans.

As an aside, the women's soccer championship match filled up London's Wembley Stadium, 87,000 seats. Manchester United trades on the NASDAQ.