LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported a first-quarter loss of $23.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Louisville, Kentucky-based company said it had a loss of 59 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 5 cents per share.
The racetrack operator and gambling company posted revenue of $252.9 million in the period.
Churchill Downs shares have declined 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $108.63, a climb of almost 7% in the last 12 months.