adminBy Ben Glickman
Block lifted its full-year guidance for adjusted earnings after third-quarter revenue jumped. The payments company now expects full-year adjusted operating income of $205 million to $225 million, compared with a prior outlook of $25 million. Shares rise 15%, to $50.60, after-hours.
DraftKings’ revenue surged 57% in the third quarter and the sportsbetting platform’s loss narrowed. The company raised its full-year revenue guidance with results. Shares rise 7.7%, to $31.22, after-hours.
Funko, which last quarter slashed its guidance in anticipation of weaker demand, posted a smaller-than-anticipated drop in sales in the third quarter. Sales fell 14% but surpassed analysts’ estimates and the company’s own guidance. Shares rise 14%, to $8.56, after-hours.
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