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Speedway Motorsports posts $6M in 4Q net income

Speedway Motorsports this morning said it had fourth-quarter 2010 net income of $6 million, or 14 cents per diluted share, compared with net loss of $15.2 million, or 36 cents per share, for the same period in 2009.

The Concord company had fourth-quarter revenue of $82.9 million, down from $90.5 million for the year-ago quarter.

The company also reported 2010 results today. Net income was $44.5 million, or $1.06 a share, on revenue of $502.2 million, compared with a net loss of $10.3 million, or 24 cents a share, on revenue of $550.5 million in 2009.

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