Churchill Downs: Q1 Earnings Snapshot

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Churchill Downs Inc. (CHDN) on Wednesday reported first-quarter net income of $155.7 million.

The Louisville, Kentucky-based company said it had net income of $4.09 per share. Earnings, adjusted for non-recurring gains, came to $1.96 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The racetrack operator and gambling company posted revenue of $559.5 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $537.8 million.

Churchill Downs shares have climbed 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $251.84, an increase of 25% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CHDN at

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