Paddy Power sinks 7% on lowered guidance

Paddy Power-Betfair shares tumbled by more than 7%, knocking over €500m from the company’s market value, after the betting giant lowered its expectations for its full-year earnings based on a muted second-half outlook.

Paddy Power sinks 7% on lowered guidance
Thu, 09 Aug, 2018 - 07:00

Geoff Percival

Paddy Power-Betfair shares tumbled by more than 7%, knocking over €500m from the company’s market value, after the betting giant lowered its expectations for its full-year earnings based on a muted second-half outlook.

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