Churchill Downs: Q3 Earnings Snapshot

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Churchill Downs Inc. (CHDN) on Wednesday reported third-quarter net income of $80 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of $1.15. Earnings, adjusted for non-recurring costs, came to $1.23 per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $1.23 per share.

The racetrack operator and gambling company posted revenue of $696 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $694.2 million.

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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