Speedway Motorsports (TRK) Reports Q2 EPS of $0.60
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Speedway Motorsports Reports Results for the Three and Six Months Ended June 30, 2016 and Reaffirms Full Year 2016 Guidance
July 27, 2016 6:30 AM EDTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported second quarter 2016 total revenues of $175.7 million and net income of $24.7 million or $0.60 per diluted share. Six month 2016 total revenues were $258.9 million and net income was $25.6 million or $0.62 per diluted share. The results were within managements expectations, and SMI reaffirmed its full year 2016 non-GAAP 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 and the absence of a stronger... More
