Churchill Downs: 4Q Earnings Snapshot

LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported fourth-quarter profit of $4 million.

On a per-share basis, the Louisville, Kentucky-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.

The racetrack operator and gambling company posted revenue of $280.6 million in the period.

For the year, the company reported profit of $137.5 million, or $3.38 per share. Revenue was reported as $1.33 billion.

Churchill Downs shares have increased 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $145.44, a climb of 49% in the last 12 months.

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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