Churchill Downs Swings To Q4 Loss

(RTTNews) - Churchill Downs Inc. (CHDN) reported a net loss for the fourth quarter of $5.7 million or $0.33 per share, compared to net income of $2.4 million or $0.14 per share for the year-ago quarter.

Loss from continuing operations for the latest quarter was $5.6 million or $0.32 per share.

Net revenues for the fourth quarter rose 3% to $162.36 million from $158.25 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.17 per share on revenue of $177.90 million for the fourth quarter. Analysts' estimates typically exclude special items.