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Speedway Motorsports reiterates full-year profit outlook

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May 7, 2008

CONCORD, N.C.—Speedway Motorsports Inc. maintained its full-year earnings forecast Wednesday after reporting a first-quarter profit that surpassed analysts' estimates.

The operator of motorsports raceways still expects 2008 net income between $2.40 and $2.50 per share.

Analysts predict full-year earnings of $2.44 per share, according to a Thomson Financial survey.

Speedway's estimate excludes results from its Motorsports Authentics merchandising joint venture.

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