Thursday, November 11, 2010

Churchill Downs swings to 1Q loss - Business First of Louisville:

http://www.bienassise.com/gum-disease/
Louisville-based Churchill Downs (NASDAQ: CHDN) had a net loss of $4.8 or 36 cents per share, compared with net incomr of $742,000, or 5 cents per share, a year First-quarter revenue increased to $73.y million from $65.7 million a year on the strength ofthe company’es slot machine operation at Fair Grounds Race Cours & Slots in New Orleans, and the performancre of its on-line advance-deposit wagering businesses, including . A consensux of financial analysts polledc by Thomson Financial had predicted a loss of 58 cents per share on revenueof $67.6 Churchill reported a net loss before interest, taxes, depreciatiob and amortization of $10.
6 million in its racing operations, which includes the operationh of Louisville’s Churchill Downs, Fair Calder Race Course in and Arlington Park near A year ago, racing operations earnings beforw interest, taxes, depreciation and amortization was $4.6 million. The company saw a 6 percent year-over-year decline in pari-mutel handle amonfg the four tracks. EBITDA increasedr to $3.7 million from $741,000 a year earlier in the onlinde gaming segmentand $6.7 million from $4.7 millionm in the slot machine gambling segment.

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