Flutter shares plummet on earnings miss and another key leadership change

Flutter Entertainment reported second-quarter earnings that missed Wall Street expectations, prompting a significant stock decline and leadership transition. The company posted earnings per share of 49 cents against analyst estimates of 60 cents per share, though revenue slightly exceeded projections at $4.33 billion compared to the expected $4.26 billion. In response to the weaker-than-expected results, Flutter cut its full-year adjusted earnings guidance for its U.S. business to $760 million,