Isle of Capri 4Q adj. profit tops Street's view - KPLC 7 News, Lake Charles, Louisiana

Isle of Capri 4Q adj. profit tops Street's view

ST. LOUIS (AP) - Isle of Capri Casinos lost money in its fiscal fourth quarter, dragged down by a hefty charge tied to the pending sale of a Mississippi property as well as other costs. Adjusted results topped analysts' expectations and its stock climbed in premarket trading.

The company lost $124.8 million, or $3.20 per share, for the period ended April 29. That compares with a profit of $10.9 million, or 28 cents per share, a year ago.

Loss from continuing operations was $13.5 million, or 35 cents per share, compared with a gain of $8.4 million, or 22 cents per share, last year.

Taking out the $112.6 million Biloxi-related charge and other items, earnings were 38 cents per share.

Revenue increased 11% to $294.9 million from $264.9 million, buoyed by revenue gains in Colorado, Florida, Louisiana, Mississippi and Missouri.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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