St. Louis-based firm had net income of 8 cents per share
Isle of Capri Casinos beats 1Q profit forecasts
Isle of Capri Casinos Inc. on Wednesday reported fiscal first-quarter net income of USD 3.1M, after reporting a loss in the same period a year earlier.
2015-09-03
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Isle of Capri Casinos Inc. on Wednesday reported fiscal first-quarter net income of USD 3.1M, after reporting a loss in the same period a year earlier.
The St. Louis-based company said it had net income of 8 cents per share. Earnings, adjusted to account for discontinued operations and to extinguish debt, were 28 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The casino operator posted revenue of $246.9 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $247.2 million.
Isle of Capri Casinos shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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