Is Rush Street Interactive (RSI) All Set To Hit New Highs After Robust Earnings?

One of the stocks that have started flying during the premarket trading period this morning is that of Rush Street Interactive (NYSE: RSI) and it might not be long before more investors take note.

At this point in time, the stock has soared by as big as 18.50% during premarket trading. The rally in the stock has been triggered by the fact that it managed to beat analysts’ revenue estimates in its latest financial results.

The company managed to generate revenues as huge as $100.5 million and that was substantially higher than analysts’ estimates of $5.37 million. On the other hand, Rush Street projected that its revenues for the financial year 2021 are going to be in the range of $420 million to $460 million. The company’s losses per share for the period came in at $.01. However, the big story from the results was the revenue beat and that possibly triggered the rally.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.

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