Finance

Is the market overreacting to Paddy Power Betfair’s Q4 results?

Operator’s share price hit a six-month low on Tuesday following yesterday’s negative trading update

Paddy Power Betfair (PPB) was the worst performer on the FTSE 100 yesterday, dropping 4.4% on the back of a trading update that reported a 3% fall in Q4 Online revenues. The decline continued Tuesday morning, with the operator’s stock at 8,115p after closing at 8,675p last Friday. However, some analysts were quick to point…

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