Analysts missed estimates for Isle of Capri

Mar 10, 2009 3:57 PM
by Ray Poirier | Also missing analysts’ estimates in the most recent quarter were the results reported by Isle of Capri Casinos Inc. (ISLE).

During its third fiscal quarter, the company said it had earnings of $1.45 per share but that the profit came from insurance proceeds due to its Hurricane Katrina losses. The proceeds amounted to $1.87 per share, without which the company would have reported a loss of $0.42 per share.

Analysts had expected the company to report a loss of $0.35 per share.

While the company had a solid performance from its casino in Lake Charles, Louisiana, results from the company’s other properties, including a racino in Florida, were soft.