Speedway Motorsports (TRK) Reports In-Line Q1 EPS; Reaffirms
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Speedway Motorsports Reports Results for First Quarter 2017 and Reaffirms Full Year 2017 Guidance
April 26, 2017 6:30 AM EDTCONCORD, N.C.--(BUSINESS WIRE)-- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported first quarter 2017 total revenues of $80.3 million, a net loss of $1.9 million or $0.05 per diluted share, and adjusted non-GAAP net income of $962,000 or $0.02 per diluted share. These results were within managements expectations, and SMI reaffirmed its full year 2017 non-GAAP earnings guidance of $0.90 to $1.10 per diluted share as further described below. Non-GAAP items are further discussed and reconciled with comparable GAAP amounts below.
Management believes many of the Companys revenue categories continue to be negatively impacted by economic conditions, including... More
