* Q1 EPS $0.24 vs est $0.33
* Q1 rev slips 11 pct, misses Street View
* Backs 2010 cont ops EPS $1.00-$1.40 vs est $1.24
May 5 Speedway Motorsports' (TRK.N)
first-quarter results missed expectations, hurt by weak demand
across segments and a higher interest expense, and the
race-track owner reaffirmed its 2010 earnings outlook.
The company, which operates the Atlanta, Bristol and
Charlotte speedways, reported net income from continuing
operations of $10.3 million, or 24 cents a share, down from
$21.4 million, or 50 cents a share, a year ago. [ID:nASA00BG7]
Net interest expense nearly doubled to $13.5 million during
Revenue at the Concord, North Carolina-based company,
slipped 11 percent to $118.4 million.
Analysts were looking for earnings of 33 cents a share, on
revenue of $124.7 million, according to Thomson Reuters
I/B/E/S. The company's shares closed at $16.18 Tuesday on the
New York Stock Exchange.
(Reporting by Shradhha Sharma in Bangalore; Editing by