LOUISVILLE, Ky. (AP) _ Churchill Downs Inc. (CHDN) on Wednesday reported a second-quarter loss of $118.8 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 $3. Losses, adjusted to account for discontinued operations and non-recurring costs, were 53 cents per share.
The racetrack operator and gambling company posted revenue of $185.1 million in the period.
Churchill Downs shares have declined roughly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $129.47, an increase of almost 7% in the last 12 months.