The following is TheStreet's rundown of the week's most important earnings releases.THURSDAY'S EARNINGS: GREENBRIER (GBX) SURPRISES WITH THIRD QUARTER PROFIT Revenue: Revenue dropped 13% to $211 million, slightly below estimates, led by a slump in the refurbishment and parts business. Earnings: Cost cutting helped drive profits to 23 cents a share, surprising analysts who forecast a loss of 2 cents a share. Outlook: The company continues to foresee a stronger second half on the back of improving gross margins, though revenues will remain lower than 2009. Share performance: The stock rose 10.3% to $11.90 in early Thursday trading. See recent Greenbrier stock action here.
INTERNATIONAL SPEEDWAY (ISCA) LOWERS FULL-YEAR OUTLOOK Revenue: Second-quarter revenue declined 6% to $142.2 million, hurt by lower attendance levels. Earnings: Profits excluding special items declined 37% to 22 cents a share from 35 cents in the year-ago quarter. Outlook: The company lowered its full-year earnings outlook to a range of $1.50 to $1.60 a share based on continuing weakness in job-growth and consumer spending trends. Estimates were pegged at $1.64 a share. Share performance: The stock traded flat following the announcement. See recent ISCA stock action here.