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Isle of Capri Casinos Inc. (NASDAQ:ISLE) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Isle of Capri Casinos Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.03 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Decreased 1.71% to $238.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Isle of Capri Casinos Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It missed the average revenue estimate of $241.46 million.
Quoting Management: President and CEO Virginia McDowell said in a statement that the company’s new property in Cape Girardeau, which opened Oct. 30, has been “extremely well received by customers.” Isle’s net revenue from Missouri properties increased 30 percent to $59.2 million mostly as a result of opening the Cape Girardeau property, company officials reported.
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