Churchill Downs: Q2 Earnings Snapshot

July 27, 2022 GMT

LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported second-quarter net income of $339.3 million.

On a per-share basis, the Louisville, Kentucky-based company said it had net income of $8.79. Earnings, adjusted for non-recurring gains, were $3.90 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.83 per share.

The racetrack operator and gambling company posted revenue of $582.5 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $585.1 million.

Churchill Downs shares have decreased nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $220, a climb of 17% 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