Speedway Motorsports (TRK) Reports In-Line Q1 EPS
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Speedway Motorsports Reports Results for First Quarter 2015 and Reaffirms Full Year 2015 Guidance
April 29, 2015 8:00 AM EDTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported first quarter 2015 total revenues of $85.3 million and adjusted non-GAAP net income of $1.9 million or $0.05 per diluted share. These items are further discussed and reconciled with comparable GAAP $4.4 million net loss or $0.11 per diluted share amounts below. These results were within managements expectations, and SMI reaffirmed its full year 2015 earnings guidance of $0.90 to $1.10 per diluted share as further described below.
Management believes many of the Companys revenue categories continue to be negatively impacted by economic conditions, including underemployment... More
