Revenue Update on Churchill Downs(NASDAQ:CHDN)

Churchill Downs(NASDAQ:CHDN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $438.50M. Analysts estimated a revenue of $435.37M. Earnings per share were $4.11. Analysts had estimated an EPS of $3.56.

In a different note, On May 6, 2016, Hilliard Lyons said it Upgrades its rating on Churchill Downs. The shares have been rated ‘Buy’ by the firm.

Churchill Downs (CHDN) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.08% at a volume of 39,884. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $145.48. The peak price level was also seen at $145.48 while the days lowest was $144.2. Finally the shares closed at $144.92. The 52-week high of the shares is $152.98 while the 52-week low is $118.76. According to the latest information available, the market cap of the company is $2,404 M.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Marcia A Dall (EVP, and Chief Financial Offic) purchased 1,000 shares at $129.96 per share price.Also, On Apr 11, 2016, William C Carstanjen (Chief Executive Officer) sold 4,500 shares at $144.96 per share price.On Mar 3, 2016, William E Mudd (President and CFO) sold 9,970 shares at $136.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing online account wagering on horseracing and casino gaming. The Company is the producers and distributors of online and mobile casual games. It operates in five segments: Racing Casinos TwinSpires Big Fish Games Inc. (Big Fish Games) and Other Investments. Its racing segment includes Churchill Downs Racetrack Arlington International Race Course Fair Grounds Race Course and Calder Race Course. Casinos segment includes Oxford Casino Riverwalk Casino Hotel and Harlow’s Casino Resort & Spa among others. The TwinSpires maintains computerized databases of pedigree and racing information for the thoroughbred horse industry. Big Fish Games develops casual games for Personal Computers (PCs) and mobile devices. Other Investments include Capital View Casino & Resort United Tote and Bluff Media.

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