Speedway Motorsports (TRK) Tops Q2 EPS by 6c
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Speedway Motorsports Reports Results for the Three and Six Months Ended June 30, 2015 and Reaffirms Full Year 2015 Guidance
July 29, 2015 8:01 AM EDTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported second quarter 2015 total revenues of $179.3 million, adjusted non-GAAP net income of $28.2 million or $0.68 per diluted share, and a GAAP net loss of $32.2 million or $0.78 per diluted share. Six month 2015 total revenues were $264.6 million, adjusted non-GAAP net income was $30.2 million or $0.73 per diluted share, and the GAAP net loss was $36.6 million or $0.89 per diluted share. The non-GAAP items are further discussed, and reconciled with comparable GAAP amounts, below. The non-GAAP results were within managements expectations, and SMI reaffirmed its full year... More
