DAYTONA BEACH, Fla. -- International Speedway Corp. (ISC) has reported financial results for its fiscal fourth-quarter and full-year ended Nov. 30, 2010.

Total revenues for the fourth quarter decreased to approximately $191 million, compared to revenues of approximately $201.8 million in the prior-year period.

Operating income was approximately $39.5 million during the period compared to approximately $50.5 million in the fourth quarter of fiscal 2009.

Net income for the fourth quarter was approximately $15.2 million, or 32 cents per diluted share, compared to net income of approximately $9 million, or 19 cents per diluted share, in the prior year period.

For the year-ended Nov. 30, 2010, total revenues were approximately $645.4 million, compared to approximately $693.2 million in 2009. Operating income for the fiscal year was approximately $122.2 million compared to approximately $147.8 million in the prior year.

Net income for the year was approximately $54.5 million, or $1.13 per diluted share, compared to net income of approximately $6.8 million, or $0.14 per diluted share, in 2009.

"We ended 2010 on a solid note," said ISC CEO Lesa France Kennedy. "We witnessed the closest finish in the history of the NASCAR Chase for the Sprint Cup Championship. ISC ended the year not only with solid financial results but also with a stronger capital structure. And, with a gradually improving economic outlook, we will carry this positive momentum into 2011. I have high expectations for ISC and NASCAR."