Isle of Capri Casinos tops analysts' view

Isle of Capri Casinos lost money in its fiscal fourth quarter, dragged down by a charge tied to the pending sale of a Mississippi property and other costs. Adjusted results topped analysts' expectations, and its stock climbed in premarket trading.

The company lost $124.8 million, or $3.20 per share, for the period ended April 29. That compares with a profit of $10.9 million, or 28 cents per share, a year ago. Loss from continuing operations was $13.5 million, or 35 cents per share, compared with a gain of $8.4 million, or 22 cents per share, last year.

Without the $112.6 million charge and other items, earnings were 38 cents per share. Earnings of 31 cents per share were forecast by FactSet.

Revenue rose 11 percent to $294.9 million from $264.9 million, buoyed by gains in Colorado, Florida, Louisiana, Mississippi and Missouri. That beat the $277.6 million that Wall Street expected.


Rules for posting comments

Comments posted below are from readers. In no way do they represent the view of Stephens Media LLC or this newspaper. This is a public forum. Read our guidelines for posting. If you believe that a commenter has not followed these guidelines, please click the FLAG icon next to the comment.


Due to an increase in uncivil behavior and dialogue the Review-Journal has temporarily disabled the comment boards. The Review-Journal will use the time to evaluate the effectiveness of the comment boards and find an appropriate time to reintroduce them to