Charlotte-based Speedway Motorsports reports Q3 profit

Charlotte-based Speedway Motorsports Inc. on Wednesday reported third-quarter earnings of $8.6 million.

The company said it had net income of 21 cents per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.

The racetrack operator posted revenue of $144.1 million in the period.

Speedway expects full-year earnings in the range of 90 cents to $1.10 per share.

Speedway shares have decreased 15 percent since the beginning of the year. The stock has risen almost 3 percent in the last 12 months.

This story was originally published October 28, 2015 at 1:05 PM with the headline "Charlotte-based Speedway Motorsports reports Q3 profit."