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Churchill Downs: Q4 Earnings Snapshot

February 23, 2022 GMT

LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported fourth-quarter earnings of $43.3 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of $1.11. Earnings, adjusted for non-recurring costs, were $1.27 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The racetrack operator and gambling company posted revenue of $364.8 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $359.1 million.

For the year, the company reported net income of $249.1 million, or $6.35 per share, swinging to a profit in the period. Revenue was reported as $1.6 billion.

Churchill Downs shares have decreased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $213.87, a drop of 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHDN at https://www.zacks.com/ap/CHDN