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Latest Business News

International Speedway Raises Outlook

Tuesday, April 05, 2005 5:44:40 PM

DAYTONA BEACH, Fla. (AP) - International Speedway Corp., the country's largest operator of car racing tracks, Tuesday said earnings in the latest quarter beat internal forecasts, as the company benefited from a shift in the NASCAR calendar.

ISC boosted its earnings forecasts, citing increased admissions revenue and an anticipated gain from a bankruptcy settlement.

The Daytona Beach-beach based company, whose events include the Daytona 500, Tuesday said it earned $41.1 million, or 77 cents a share, on revenue of $179.4 million in the fiscal first quarter ended Feb. 28.


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