Speedway Motorsports (TRK) Tops Q3 EPS by 3c
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Speedway Motorsports Reports Results for the Three and Nine Months Ended September 30, 2015 and Reaffirms Full Year 2015 Guidance
October 28, 2015 6:30 AM EDTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported third quarter 2015 total revenues of $144.1 million, adjusted non-GAAP net income of $12.6 million or $0.31 per diluted share, and GAAP net income of $8.6 million or $0.21 per diluted share. Nine month 2015 total revenues were $408.7 million, adjusted non-GAAP net income was $42.8 million or $1.04 per diluted share, and GAAP net loss was $28.1 million or $0.68 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 2015 earnings... More
