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Isle of Capri Casinos : BRIEF: Isle of Capri shares surge on strong earnings

09/03/2015 | 12:13pm US/Eastern

Sept. 02--Shares of Isle of Capri Casinos surged 11 percent after a jump in net revenue at four Missouri gambling halls helped the company swing to a first-quarter profit.

Creve Coeur-based Isle reported a quarterly profit of $3.1 million, or 8 cents per share, compared with a loss of $2.3 million, or 6 cents per share, in the corresponding period of 2014.

Isle's adjusted income per share of 28 cents exceeded analysts' estimate of 17 cents per share, Reuters reported.

Total net revenue rose to $247 million from $237 million, up 4.2 percent.

Isle operates 15 casinos in Mississippi, Louisiana, Iowa, Missouri, Colorado, Florida and Pennsylvania.

In Missouri, company revenue rose 4.5 percent, to $61.5 million. Isle has casinos in Caruthersville, Cape Girardeau, Boonville and Kansas City.

Virginia McDowell, Isle's president and chief executive, said in a statement the company continues to benefit from better trends in regional gaming markets.


(c)2015 St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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