Churchill Downs Shares Jump 9.3% After Record Quarter, Dividend Hike and Buyback
Churchill Downs reported record third-quarter revenue, net income and adjusted EBITDA, raised its dividend and approved a new $750 million share repurchase program.
What happened? Shares of racing, gaming, and entertainment company Churchill Downs NASDAQ:CHDNjumped 9.3% in the afternoon session after the company reported record third-quarter revenue, net income, and adjusted EBITDA, raised its dividend, and approved a new $750 million share repurchase program…