Speedway Motorsports (TRK) Misses Q3 EPS by 5c
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Speedway Motorsports Reports Results for the Three and Nine Months Ended September 30, 2017 and Reaffirms Full Year 2017 Guidance
October 25, 2017 6:30 AM EDTCONCORD, N.C., Oct. 25, 2017 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported third quarter 2017 total revenues of $137.6 million, and both net income and adjusted non-GAAP net income of $9.2 million or $0.22 per diluted share. Nine month 2017 total revenues were $397.2 million, net income was $34.6 million or $0.84 per diluted share, and adjusted non-GAAP net income was $38.2 million or $0.93 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... More
