The Concord, N.C.-based race track owner and operator (NYSE: TRK) had a net loss of $13.5 million on $87.6 million in revenue, compared with net income of $4.7 million on $84.7 million in revenue in the third quarter of 2006.
Loss per share was 31 cents, compared with earnings of 11 cents a share in the third quarter of 2006.
The company also noted lower revenues under NASCAR's new broadcasting rights agreement and higher effective income tax rates in the third quarter of 2007.
Speedway Motorsports owns and operates Atlanta Motor Speedway, Lowe's Motor Speedway near Charlotte, Bristol Motor Speedway in Tennessee, Infineon Raceway in California, Las Vegas Motor Speedway and Texas Motor Speedway near Fort Worth.
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