Revenue Update on International Speedway Corp(NASDAQ:ISCA)

International Speedway Corp(NASDAQ:ISCA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 5, 2016. Company reported revenue of $167.56M. Analysts estimated a revenue of $163.00M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.32.

International Speedway Corp (ISCA) made into the market gainers list on Fridays trading session with the shares advancing 1.88% or 0.64 points. Due to strong positive momentum, the stock ended at $34.75, which is also near the day’s high of $34.84. The stock began the session at $34.43 and the volume stood at 1,44,744 shares. The 52-week high of the shares is $37.87 and the 52 week low is $28.96. The company has a current market capitalization of $1,597 M and it has 4,59,67,032 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, James C France (Chairman/CEO) purchased 44 shares at $32.76 per share price.Also, 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.

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