Isle of Capri Casinos Inc (fka ISLE)

[Enterprising Investor]

Isle of Capri Casinos tops Street 4Q forecasts (6/09/15)

ST. LOUIS (AP) _ Isle of Capri Casinos Inc. (ISLE) on Tuesday reported fiscal fourth-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the St. Louis-based company said it had profit of 8 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The casino operator posted revenue of $285.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $266.8 million.

For the year, the company reported net income of $5.2 million, or 13 cents per share, swinging to a profit in the period. Revenue was reported as $996.3 million.

Isle of Capri Casinos shares have increased 86 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

http://www.cnbc.com/id/102744485