Sports betting specialist DraftKings (DKNG) raised its 2021 outlook after reporting mixed fourth-quarter results Friday. Draftkings stock rose.

DraftKings Earnings

Estimates: Analysts expected DraftKings to post a loss of 57 cents a share on revenue of $230.6 million, according to Zacks Investment Research.

Results: DraftKings reported an adjusted loss of 24 cents a share, though Wall Street was tracking the GAAP loss of 69 cents.