04:18 PM EDT, 10/23/2024 (MT Newswires) -- Churchill Downs (CHDN) reported Q3 adjusted earnings Wednesday of $0.97 per diluted share, up from $0.87 a year earlier.

Four analysts polled by Capital IQ expected $1.05.

Net revenue for the quarter ended Sept. 30 was $628.5 million, up from $572.5 million a year earlier.

Analysts surveyed by Capital IQ expected $627.9 million.

The company said its board has approved an annual dividend on the company's common stock of $0.409 per share, a 7% increase over the previous year. The dividend is payable on Jan. 3, 2025, to shareholders of record on Dec. 6.