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International Speedway updates on guidance after mixed Q2

Jul. 05, 2016 8:04 AM ETInternational Speedway Corporation (ISCA) StockISCABy: Clark Schultz, SA News Editor
  • International Speedway (NASDAQ:ISCA) reports an 8% drop in admissions revenue in Q2 to $30.473M. Higher motorsport and other event sales during the quarter helped to offset the dip.
  • "We remain confident that our consumer marketing initiatives are working and positioning ISC for continued growth," reads the release from ISCA.
  • Looking ahead, the company narrows guidance for FY16 EPS to $658M to $665M vs. $666M consensus and EPS to $1.45 to $1.55 vs. $1.55 consensus. The opening of the synergy-creating One Daytona is set for 2017.
  • Previously: International Speedway misses by $0.03, beats on revenue (July 5)
  • ISCA +2.28% premarket to $35.00.

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