International Speedway Tops Estimates as Broadcast TV Rights Rise

Motorsports entertainment promoter International Speedway reported slightly better-than-expected earnings for the third quarter and backed its full-year financial outlook. Excluding items, the company earned $0.02 a share, beating Thomson Reuters analyst expectations of a penny a share. International Speedway CEO Lesa France Kennedy attributed the results to contractual increases in television broadcast rights and stabilizing admissions. She said in a statement, 'Broadcast rights represent ISC's largest revenue segment and these recent agreements provide us the long-term visibility to continue investing in our business to the benefit of our fans, partners and local communities while continuing to build shareholder value.'