Revenue Update on Dover Motorsports(NYSE:DVD)

Dover Motorsports(NYSE:DVD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $25.25M. Analysts estimated a revenue of $48.60M. Earnings per share were $0.14.

Dover Motorsports (DVD) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -1.86% at a volume of 300. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.15. The peak price level was also seen at $2.15 while the days lowest was $2.11. Finally the shares closed at $2.11. The 52-week high of the shares is $2.5 while the 52-week low is $1.93. According to the latest information available, the market cap of the company is $78 M.

Dover Motorsports Inc. is a marketer and promoter of motorsports entertainment in the United States. Through its subsidiaries the Company owned and operated Dover International Speedway in Dover Delaware and the Nashville Superspeedway track in Nashville Tennessee. The Company’s Dover facility promoted the six events during 2014 including two NASCAR Sprint Cup Series events two NASCAR Nationwide Series events one NASCAR Camping World Truck Series event and one NASCAR K&N Pro Series East event all of which were under the auspices of the sanctioning body in motorsports – the National Association for Stock Car Auto Racing (NASCAR). Dover International Speedway known as the Monster Mile is a high-banked one-mile concrete superspeedway with permanent grandstand seating capacity of approximately 96000. Nashville Superspeedway (Nashville) is located on approximately 1400 acres of land in Wilson County and Rutherford County Tennessee.

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