BUZZ-Flutter falls after slashing core profit forecast, CEO change
FLUT•CEO transition announced
Separately, FLUT named the head of its international division, Dan Taylor, as incoming CEO succeeding Peter Jackson.
Broker views and stock performance
20 of 29 brokerages rate the stock "buy" or higher, eight "hold" and one "sell" or lower; the median price target is $136.
Including the session's move, the stock was down 56% year to date compared with a 14.9% increase in the Nasdaq Composite index .IXIC.
Flutter shares fall after profit forecast cut
Betting giant Flutter Entertainment's shares FLUT.N fell 10.1% to $94.29, to their lowest since late May.
FLUT cut its full-year core profit forecast to $2.65 billion from the prior figure of $2.87 billion, citing planned U.S. investments expected to reduce profit by $270 million.
The company is cutting its full-year profit forecast for a fourth straight quarter.
