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Hitting the apex: International Speedway meets estimates |
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| Jul 07, 2009 10:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Earnings reports
By consistently hitting their apexes, drivers are able to achieve their fastest possible lap times, and being able to turn the fastest lap times puts the driver in the best position to win. Today, the premier racing company in the country, International Speedway Corp. (NASDAQ: ISCA), hit its Q2 earnings apex. On the surface, the news didn't look good. The company posted a $31.7 million loss for the second quarter. But it was not just falling revenue that affected International Speedway, which is to be expected from an entertainment company in a soft economy. Continue reading Hitting the apex: International Speedway meets estimates Hitting the apex: International Speedway meets estimates originally appeared on BloggingStocks on Tue, 07 Jul 2009 17:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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In auto racing, drivers try to hit their apexes, meaning they try to drive their cars with such precision that they can hit the exact spot -- within inches -- on the racetrack each lap. Be the first to comment on this story and earn 2 points.
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