Ishares Morningstar Small-Cap E (NYSE:ISCB)

WEB NEWS

Friday, April 23, 2010

Comments & Business Outlook

ISC reiterates its 2010 total revenue guidance range of $660.0 million to $680.0 million. In addition, the Company is maintaining its fiscal 2010 full year non-GAAP earnings range of $1.60 to $1.80 per diluted share after-tax. The non-GAAP earnings per share estimates exclude the operating results from ISC's equity investment in Motorsports Authentics; any future loss on impairment of long-lived assets which could be recorded as part of capital improvements resulting in removal of assets not fully depreciated; gain or loss on the sale of its Staten Island property or any unanticipated further impairment of the property; any income statement impact related to the Hollywood Casino at Kansas Speedway development; and any amortization related to its interest rate swap recorded in interest expense, or any charges ultimately recorded in connection with contingent liabilities.

In closing, Ms. France Kennedy added, "We are optimistic that the economy will gradually improve and eventually begin to create jobs. This is an important component to the economic recovery that we believe will have a measurable effect on attendance levels. While we can't control the economy, the industry, including ISC, is making the right decisions to grow and support the future of motorsports entertainment, and we will be ideally positioned to capitalize on an economic turnaround."



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