Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Cuts International Speedway Outlook

Merrill Lynch cut its estimates on International Speedway (ISCA).

Analyst Burke Koonce says International Speedway was hurt by unusually poor weather and economic softness. While weather played a major hand in the shortfall, admissions also were likely impacted by heightened terrorism concerns and sagging consumer confidence. He notes advance ticket sales are running slightly behind last year's levels, as seen in other segments of the leisure sector (particularly in cruising), as consumers seem to be waiting until the last minute to make leisure travel decisions. Koonce cut the 50 cents first quarter earnings per share estimate to 47 cents, cut the $2.15 2003 estimate to $2.10, and trimmed the $2.42 2004 estimate to $2.37. He is keeping his neutral rating.

blog comments powered by Disqus