|
|
Article: Speedway Motorsports Reports Results for the Three and Nine Months Ended September 30, 2009 and Reaffirms Full Year 2009 Guidance.
- Article from:
- Business Wire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CONCORD, N.C. -- Speedway Motorsports, Inc. (SMI) (NYSE:TRK) today reported total revenues of $134.6 million and income from continuing operations of $9.1 million or $0.21 per diluted share for the third quarter 2009. Excluding equity investee losses from Motorsports Authentics, the Company's merchandising joint venture with International Speedway Corporation, the Company's third quarter 2009 income from continuing operations was $12.4 million or $0.29 per diluted share.
For the nine months ended September 30, 2009, the decreases in income from continuing operations, net income and diluted earnings per share are largely attributable to equity investee losses for ...