Churchill Downs (CHDN) Misses Q1 EPS by 32c, Sales Beat

Churchill Downs (NASDAQ: CHDN) reported Q1 EPS of $0.16, $0.32 worse than the analyst estimate of $0.48. Revenue for the quarter came in at $288.4 million versus the consensus estimate of $275 million.

“We delivered record net revenue and Adjusted EBITDA this quarter and are encouraged by the early 2016 results in each of our segments,” says Bill Carstanjen, CDI’s Chief Executive Officer. “With a strong first quarter behind us, we are now focused on the 142nd Kentucky Derby on May 7th and we are very excited to have our fans enjoy the new improvements and amenities that have been added to Churchill Downs Racetrack.”

For earnings history and earnings-related data on Churchill Downs (CHDN) click here.

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