International edition
September 27, 2020

It earned us$ 14.6 million in the period

Isle of Capri Casinos posted fourth quarter profit

(US).- Isle of Capri Casinos posted a profit in the fourth quarter as it managed expenses better, offsetting a drop in sales and its shares rose 12 %.

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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.

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