International Speedway Corp. said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2015, came to 77 cents per share, compared with the S&P Capital IQ consensus estimate of 67 cents per share.

EPS rose 17.8% year over year from 66 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $36.1 million, a gain of 17.9% from $30.6 million in the year-earlier period.

The normalized profit margin fell to 13.7% from 15.3% in the year-earlier period.

Total revenue increased 9.8% on an annual basis to $219.3 million from $199.8 million, and total operating expenses grew 5.3% on an annual basis to $161.7 million from $153.6 million.

Reported net income grew 23.4% year over year to $32.2 million, or 69 cents per share, from $26.1 million, or 55 cents per share.

For the year, the company's normalized net income totaled $1.55 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.39.

EPS was $1.56 in the prior year.

Normalized net income was $72.4 million, compared with $72.8 million in the prior year.

Full-year total revenue declined year over year to $645.4 million from $651.9 million, and total operating expenses totaled $534.9 million, compared with $537.3 million in the prior-year period.

The company said reported net income fell 16.4% on an annual basis to $56.4 million, or $1.21 per share, in the full year, from $67.5 million, or $1.45 per share.