Speedway Motorsports (TRK) Reports In-Line Q4 EPS
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Speedway Motorsports Reports Results for Fourth Quarter and Year Ended December 31, 2015 and Provides Full Year 2016 Guidance
March 9, 2016 8:50 AM ESTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported fourth quarter 2015 total revenues of $87.7 million, adjusted non-GAAP net income from continuing operations of $36,000 or $0.00 per diluted share, and GAAP net loss of $3.5 million or $0.08 per diluted share. Full year 2015 total revenues were $496.5 million, adjusted non-GAAP net income from continuing operations was $42.8 million or $1.04 per diluted share, and GAAP net loss was $34.5 million or $0.84 per diluted share. Non-GAAP items are further described and reconciled with comparable GAAP amounts below. The non-GAAP results were within managements expectations, and SMI provided full... More
