Churchill Downs (CHDN) Releases Earnings Results, Beats Expectations By $0.54 EPS

Churchill Downs (CHDN) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $4.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.54. Analysts had a consensus of $3.57. The company posted revenue of $438.50 million in the period, compared to analysts expectations of $432.83 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.

Churchill Downs closed down -1.9 points or -1.43% at $130.96 with 72,085 shares getting traded on Tusday. Post opening the session at $132.41, the shares hit an intraday low of $130.95 and an intraday high of $132.41 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 3, 2016, Marcia A Dall (EVP, and Chief Financial Offic) purchased 1,000 shares at $129.96 per share price. According to the SEC, on Apr 11, 2016, William C Carstanjen (Chief Executive Officer) sold 4,500 shares at $144.96 per share price. On Mar 3, 2016, William E Mudd (President and CFO) sold 9,970 shares at $136.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing online account wagering on horseracing and casino gaming. The Company is the producers and distributors of online and mobile casual games. It operates in five segments: Racing Casinos TwinSpires Big Fish Games Inc. (Big Fish Games) and Other Investments. Its racing segment includes Churchill Downs Racetrack Arlington International Race Course Fair Grounds Race Course and Calder Race Course. Casinos segment includes Oxford Casino Riverwalk Casino Hotel and Harlow’s Casino Resort & Spa among others. The TwinSpires maintains computerized databases of pedigree and racing information for the thoroughbred horse industry. Big Fish Games develops casual games for Personal Computers (PCs) and mobile devices. Other Investments include Capital View Casino & Resort United Tote and Bluff Media.

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