Dover Motorsports, Inc. Reports Results for the First Quarter Ended March 31, 2019
Dover Motorsports, Inc. (DVD)
US:NYSE Investor Relations:
dovermotorsportsinc.com/investor
Company Research
Source: Business Wire
DOVER, Del.--(BUSINESS WIRE)-- Dover Motorsports, Inc. (NYSE: DVD) today reported its results for the three months ended March 31, 2019. The Company historically reports a loss in the first quarter due to the seasonality of our motorsports business. No major events were promoted during the first quarter of 2019 or 2018; therefore, our revenues were minimal. Operating and marketing expenses decreased to $1,055,000 in the first quarter of 2019 from $1,151,000 in the first quarter of 2018, primarily due to the timing of advertising costs. General and administrative expenses of $1,916,000 in the first quarter of 2019 also decreased slightly from $1,955,000 in the first quarter of 2018, primarily from lower employee costs. Depreciation expense decreased to $793,000 in the first quarter of 2019 from $878,000 in the first quarter of 2018. As previously reported, during the f
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