Churchill Downs Q3 EPS $0.87 Beats $0.86 Estimate, Sales $572.50M Beat $568.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Churchill Downs (NASDAQ:CHDN) reported Q3 earnings of $0.87 per share, beating the analyst consensus estimate of $0.86 by 1.16%. This is a 7.41% increase from the same period last year. The company also reported quarterly sales of $572.50 million, beating the analyst consensus estimate of $568.55 million by 0.69%. This is a 49.44% increase from the same period last year.
October 25, 2023 | 8:15 pm
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POSITIVE IMPACT
Churchill Downs reported better than expected Q3 earnings and sales, which could positively impact its stock price.
Churchill Downs reported a YoY increase in earnings and sales, and both figures beat analyst estimates. This positive financial performance is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100