March Madness drags down Flutter first-quarter results
1. Flutter's Q1 EPS missed expectations at $1.59, below $1.89 consensus. 2. Revenue also fell short at $3.67 billion compared to $3.84 billion expectations. 3. U.S. full-year guidance lowered due to poor sports results. 4. Global performance outlook raised thanks to currency adjustments and acquisitions. 5. Consumers are expected to continue spending on online gaming.