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Churchill Downs Q1 loss widens 42.4% YOY

4150067 said its normalized net income for the first quarter was a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 cents per share.

The per-share loss grew 43.6% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.4 million, compared with a loss of $980,630 in the year-earlier period.

The normalized profit margin rose to 1.8% from negative 0.6% in the year-earlier period.

otal revenue increased 50.1% year over year to $250.9 million from $167.1 million, and total operating expenses rose 49.8% year over year to $248.6 million from $16 Churchill Downs Inc..