Dover Motorsports (DVD) Reports Q1 Loss of $0.08
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Dover Motorsports, Inc. Reports Results for the First Quarter Ended March 31, 2020
April 30, 2020 6:55 AM EDTDOVER, Del.--(BUSINESS WIRE)-- Dover Motorsports, Inc. (NYSE: DVD) today reported its results for the three months ended March 31, 2020.
The Company historically reports a loss in the first quarter due to the seasonality of our motorsports business. No major events were promoted during the first quarter of 2020 or 2019; therefore, our revenues were minimal.
Operating and marketing expenses decreased to $988,000 in the first quarter of 2020 from $1,055,000 in the first quarter of 2019, primarily from lower employee related costs.
General and administrative expenses of $1,987,000 in the first quarter of 2020 increased from $1,916,000 in the... More
