Why FuboTV Stock Eked Out a Victory Today
Investors were cautiously optimistic about the latest news from video streamer FuboTV (NYSE: FUBO) on Tuesday, and as a result, they pushed the company's stock price up on the day. It closed 0.3% in positive territory during a session when the S&P 500 (SNPINDEX: ^GSPC) dipped at the same rate. FuboTV's news consisted of a set of preliminary second-quarter numbers.
For that period, FuboTV is expecting to post more than $365 million in revenue from its native North American market. Happily, that's some distance higher than the $345 million the company previously offered in guidance. It's also well above the sub-$354 million collectively estimated by analysts tracking the stock.
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Source Fool.com
