Churchill Downs: 2Q Earnings Snapshot
LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported second-quarter profit of $103.1 million.
The Louisville, Kentucky-based company said it had net income of $7.55 per share. Earnings, adjusted for one-time gains and costs, were $7.71 per share.
The racetrack operator and gambling company posted revenue of $379.4 million in the period.
Churchill Downs shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $277.90, a rise of 47 percent in the last 12 months.