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International Speedway profit beats consensus by 36.1% in fiscal Q1

International Speedway Corp. said its normalized net income for the fiscal first quarter ended Feb. 28 came to 39 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS climbed 11.8% year over year from 35 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.2 million, a gain of 11.9% from $16.3 million in the prior-year period.

The normalized profit margin rose to 13.4% from 12.4% in the year-earlier period.

Total revenue climbed year over year to $136.6 million from $131.8 million, and total operating expenses increased from the prior-year period to $109.2 million from $104.2 million.

Reported net income fell 25.5% on an annual basis to $14.9 million, or 32 cents per share, from $20.0 million, or 43 cents per share.