International Speedway Corporation Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2009

Share: 

City of Industry, CA --(www.USEquityNews.com)-- 01/28/2010 - Mergers and Acquisitions industry alert provided by U.S. Equity News. DAYTONA BEACH, Fla., Jan. 28 /PRNewswire-FirstCall/ -- International Speedway Corporation (Nasdaq: ISCA; OTCBB: ISCB) ("ISC") today reported financial results for its fiscal fourth quarter and full-year ended November 30, 2009.


"We are excited about the upcoming 2010 motorsports season, despite the economic issues we still face which had a definite effect on our revenue last year," stated ISC Chief Executive Officer Lesa France Kennedy.  "We are optimistic that the economic recovery underway will continue to strengthen and we will begin to see positive changes in consumer and corporate spending.  Benefiting our Company is the fact that we remain in excellent financial shape highlighted by significant contracted revenue from media income and a solid balance sheet."

Ms. [Read the full article]

Fourth-quarter sales of $5.7 billionFourth-quarter GAAP earnings of $0.06 per share, including net charges of $0.03 per share from highlighted itemsFull-year sales of $22.0 billion; full-year GAAP loss from continuing operations of $0.05 per share, compared to a net loss of $1.87 per share in 2008Total cash* of $8.0 billion, a sequential quarterly increase of $839 millionCompleted cost-reduction actions that generated more than $1.9 billion in cost savings for full-year 2009, with $1.5 billion in cost savings from Mobile DevicesEnterprise Mobility Solutions sales of $2.0 billion; operating earnings of $368 millionHome & Networks Mobility sales of $2.0 billion; operating earnings of $91 million Mobile Devices sales of $1.8 billion, excluding $200 million in deferred revenue on certain smartphones; shipped 12 million handsets, including 2 million smartphones; operating loss of $132 million

Motorola, Inc. [Read the full article]

NEW YORK--(BUSINESS WIRE)--L-3 Communications Holdings, Inc. (NYSE: LLL) today reported diluted earnings per share (diluted EPS) of $1.93 for the quarter ended Dec. 31, 2009 (2009 fourth quarter). Net sales increased 5% to a record $4.2 billion compared to $4.0 billion for the quarter ended Dec. 31, 2008 (2008 fourth quarter).

For the year ended Dec. 31, 2009, diluted EPS from continuing operations was $7.61, compared to $7.43 for the year ended Dec. 31, 2008(1). Included in 2008 diluted EPS from continuing operations is a $0.58 net gain for certain items that occurred during the quarter ended June 27, 2008 (2008 second quarter), which are discussed below.

"L-3 finished 2009 on a strong note, achieving record annual sales of $15.6 billion," said Michael T. Strianese, chairman, president and chief executive officer. [Read the full article]

PITTSBURGH, Jan. 28 /PRNewswire-FirstCall/ -- CONSOL Energy Inc. (NYSE: CNX), a producer of metallurgical coal, high-Btu thermal coal, and natural gas, reported net income attributable to CONSOL Energy shareholders for the quarter ended December 31, 2009 of $143.2 million, or $0.78 per dilutive share. This is lower than the net income attributable to CONSOL Energy shareholders of $176.3 million, or $0.97 per dilutive share, for the quarter ended December 31, 2008. The quarter ended December 31, 2008, however, included a gain of $0.20 per share due to a refund for black lung excise tax.

Annual 2009 net income attributable to CONSOL Energy shareholders was $539.7 million, or $2.95 per dilutive share, compared to $442.5 million, or $2.40 per dilutive share, in 2008. The annual 2009 net income was the highest for any year in CONSOL's +140-year history, except for 2005, when a large gain was recorded from the sale of CNX Gas stock. [Read the full article]

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.

---