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Betfair shares hit 52-week high following improved Q3 earnings

6th March 2014 8:44 am GMT

UK-listed betting and gaming operator Betfair said Thursday that it expects full year earnings to be at the upper end of its guidance range following a solid third quarter performance which saw revenue increase by 5 per cent to £95.4m.

Revenue from the company’s core Exchange product increased by 1 per cent to £56.7m during the quarter, while gaming revenue rose 3 per cent to £18.5m. Sports betting revenue was up 27 per cent year-on-year to [...]

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