While we have seen signs of improvement since the start of the calendar year, we will continue to employ a cautious approach to our business as a result of economic uncertainty," CEO James Perry said in a statement.
The company, which owns and operates branded gaming and related lodging facilities, forecast maintenance capital expenditures of about us$ 40 million in fiscal 2010, compared with us$ 30 million in 2009.
For the quarter ended April 26, Isle of Capri Casinos earned us$ 14.6 million, or 46 cents a share, compared with a loss of us$ 51.3 million, or us$ 1.66 a share, a year ago. Excluding items, it earned 16 cents a share, while analysts were looking for a loss of 3 cents a share, according to Reuters Estimates.
Sales fell 2 % to us$ 287.2 million. Shares of the St.Louis-based company rose us$ 1.30 to us$ 13.86 Wednesday morning on Nasdaq.