Churchill Downs Reports Q4 Earnings, Misses Estimates
Churchill Downs Inc. (CHDN) reported fourth-quarter earnings of $71.7 million on Wednesday, equating to 95 cents per share. Adjusted for non-recurring gains, earnings were 92 cents per share.
These results fell short of analysts' expectations of 93 cents per share. However, the company surpassed revenue estimates, generating $624.2 million, surpassing analysts' projections of $616.2 million.
For the full year, Churchill Downs reported a profit of $426.8 million, or $5.68 per share, on revenue of $2.73 billion.
Despite revenue growth, CHDN shares have declined 10% year-to-date. In Wednesday's trading session, shares rose 3% to $119.54, showing a moderate increase of approximately 3% over the past year.