Speedway Motorsports 1Q earns dip 3%
JEFFERSON GEORGE
Speedway Motorsports, which owns Lowe's Motor Speedway and six other major tracks, today reported a first-quarter profit of $30.9 million, down 3 percent from almost $31.9 million a year earlier.
The Concord-based company posted $155.2 million in revenues, up 2 percent from $152.2 million in the first quarter of 2007. Expenses increased nearly 4 percent, from $100.6 million last year to $104.3 million this year.
One reason for the increase in first-quarter expenses was the purchase of the New Hampshire Motor Speedway in Loudon, N.H., company officials said.
