AP NEWS

Churchill Downs: 1Q Earnings Snapshot

April 29, 2020 GMT

LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported a first-quarter loss of $23.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Louisville, Kentucky-based company said it had a loss of 59 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 5 cents per share.

The racetrack operator and gambling company posted revenue of $252.9 million in the period.

Churchill Downs shares have declined 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $108.63, a climb of almost 7% 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