@pstevens , what version are you using? I tried on beta 8.8 by enabling Event module in the search settings and it worked for me. It is displaying the event record.
Thanks RSP, there were a few issues. There was a custom searchdefs.php file that was causing problems. Not sure if that was created by me or automatically by some other process of customzation. Anyway I removed that file and resorted to default search which now works. I added back a new custom working SearchFields.php with adding a few additional fields, and now it works.