Speedway Motorsports (TRK) Reports Q4 Loss of $0.27/Share, Offers FY Guidance
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Speedway Motorsports Reports Results for Fourth Quarter and Year Ended December 31, 2018 and Provides Full Year 2019 Guidance
March 13, 2019 6:30 AM EDTCONCORD, N.C., March 13, 2019 (GLOBE NEWSWIRE) -- Speedway Motorsports, Inc. (SMI) (NYSE: TRK) today reported fourth quarter 2018 total revenues of $56.4 million, a net loss of $12.4 million or $0.30 per diluted share, and an adjusted non-GAAP net loss of $10.9 million or $0.27 per diluted share. Full year 2018 total revenues were $461.9 million, net income was $40.4 million or $0.99 per diluted share, and adjusted non-GAAP net income was $41.1 million or $1.00 per diluted share. These non-GAAP results are within managements expectations, and are discussed and reconciled with comparable GAAP amounts below.
These results are not directly comparable... More
