International Speedway Earnings: Here’s Why the Stock is Up Now

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International Speedway Corp. (NASDAQ:ISCA) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.59%.

International Speedway Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 1.92% to $0.51 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Decreased 0.67% to $178.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: International Speedway Corp. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.5. It missed the average revenue estimate of $182.3 million.

Quoting Management: “We are pleased with our financial results for the quarter and year-to-date,” stated ISC Chief Executive Officer Lesa France Kennedy. “While consumer-related revenues at our events to-date generated mixed results, in part due to inclement weather, we remain optimistic that the economy is poised for stronger growth, which will benefit our fans.

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