International Speedway Corp (ISCA) Releases Earnings Results, Misses Expectations By $-0.03 EPS

International Speedway Corp (ISCA) reported quarterly earnings results on Tuesday, Jul-5-2016. The company reported $0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.32. The company posted revenue of $167.60 million in the period, compared to analysts expectations of $163.11 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

International Speedway Corp opened for trading at $33.48 and hit $34.42 on the upside on Friday, eventually ending the session at $34.22, with a gain of 2.30% or 0.77 points. The heightened volatility saw the trading volume jump to 89,114 shares. Company has a market cap of $1,590 M.

In a different news, on May 17, 2016, James C France (Chairman/CEO) purchased 44 shares at $32.76 per share price. According to the SEC, on Apr 15, 2016, Brett Scharback (Vice President) sold 500 shares at $35.06 per share price. On Apr 13, 2016, John R Saunders (COO, Executive VP) sold 3,000 shares at $34.91 per share price, according to the Form-4 filing with the securities and exchange commission.

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise furnishing amusement in the form of motorsports themed entertainment. Its motorsports themed event operations consist principally of racing events at its major motorsports entertainment facilities which include providing catering and food and beverage concessions at its motorsports entertainment facilities. The Company owns and/or operates approximately 13 motorsports entertainment facilities. It owns Americrown Service Corporation and also owns and operates the Motor Racing Network Inc. The Company also uses its motorsports entertainment facilities for testing for teams driving schools riding experiences car shows auto fairs concerts and settings for television commercials print advertisements and motion pictures. It also rents show cars for promotional events.

International Speedway Corp

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