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Dover Motorsports Q1 loss narrows YOY

Dover Motorsports Inc. said its normalized net income for the first quarter came to a loss of 7 cents per share, compared with a loss of 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.4 million, compared with a loss of $2.5 million in the year-earlier period.

Total revenue increased year over year to $139,000 from $10,000, and total operating expenses rose on an annual basis to $4.0 million from $3.9 million.

Reported net income came to a loss of $2.2 million, or a loss of 6 cents per share, compared to a loss of $2.5 million, or a loss of 7 cents per share, in the prior-year period.