Churchill Downs (CHDN) reported Q1 adjusted earnings late Wednesday of $1.07 per diluted share, down from $1.13 a year earlier.
Analysts polled by FactSet expected $1.04.
Revenue for the quarter ended March 31 was $642.6 million, up from $590.9 million a year earlier.
Analysts surveyed by FactSet expected $642.8 million.