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Earnings Calls: 
Speedway Motorsports First Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 3:35 PM EDT May 09 2007


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Quarterly earnings decreased to $31.9 million, or 72 cents per share, from $32.2 million, or 73 cents per share a year ago, while revenue edged 1% to $152.2 million bolstered by gains in admissions, sponsorships, luxury suite rentals and advertising and other event-related income. The company suffered lower broadcasting revenue from NASCAR and higher fuel costs. The marketer and promoter of motorsports entertainment backed its full year 2007 earnings outlook of $2.43 to $2.53 per diluted share.

 

 

 
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