Isle of Capri has strong results in 4th quarter

Jun 16, 2009 5:03 PM
Earnings by Ray Poirier | "Relatively strong results" were noted in the fourth quarter fiscal report filed by Isle of Capri Casinos Inc. (ISLE).

The company said earnings were $14.6 million or $0.46 per share compared to a loss of $51.3 million or $1.66 per share last year. Last year’s earnings were impacted by an impairment charge of $1.60 per share related to U.K. operations.

Income from continuing operations was $24.8 million or $.78 per share compared with a loss from continuing operations of $6 million or $0.20 per share last year.

Analysts said that several different factors affected the quarterly operation but that in general the results were strong.