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DAILY EARNINGS

International Speedway Profit and Revenues Jumps


Author: Mukesh Buch
ticker.com
Last Update: 12:47 PM EDT July 05 2018

11:45 PM New York Ė International Speedway second-quarter net surged 27% to $17 million and revenues jumped 3.9% to $171.7 million.

Tollbooth Index dropped 139.02 or 0.9% to 14,921.66 but for the year-to-date soared 8.4%.

Earnings Review

International Speedway Corporation (ISCA) jumped 4.7% or $2.14 to $47.49 after the motorsports eventís organizer said revenues in the second-quarter ending in May jumped 3.9% from a year ago to $171.7 million.

Net income in the quarter surged 26.5% to $16.7 million or 38 cents per diluted share from $13.2 million or 29 cents in the same quarter last year.

The motorsports eventís organizer reaffirmed fiscal 2018 revenues in the range of $680 million to $695 million and operating profit in the range of $241 million to $252 million and diluted earnings per share between $1.90 and $2.10.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc