But the Daytona Beach-based company cautioned shareholders that third-quarter earnings may be lower because of sagging attendance at some races, rained out events and its decision to stop selling alcohol at its Michigan track.

In a prepared statement, ISC says revenue was $116.75, up from $112 million last year for the quarter ended May 31. The company concedes it has a formidable third-quarter goal to match or overtake the $21.76 million or 41 cents per diluted share it logged last year but remains confident.

"The fundamentals of our business remain strong and we are encouraged by the continued success of domestic motorsports," ISC president/chief operating officer James C. France says in a prepared statement. "And driven by our national presence in key markets, we believe the company is an excellent position to capitalize on the industry's future growth opportunities."