Isle Of Capri Casinos Falls To Loss In Q1 - Quick Facts

(RTTNews) - Isle of Capri Casinos Inc. (ISLE) Wednesday reported a loss for the first quarter, reflecting higher expenses, despite an increase in revenues.

For the three-month period, the company reported net loss of $4.8 million or $0.12 per share, compared with net income of $6.6 million or $0.12 per share during the same quarter last year.

Excluding preopening expenses of Lady Luck Nemacolin and gain on the sale of the company's corporate aircraft, loss per share for the first quarter was $0.05. On average, nine analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.

Consolidated adjusted EBITDA was $43.3 million, compared with $45 million a year ago.

Net revenues increased to $247.7 million from prior year's $235.8 million. Analysts expected the company to report revenues of $253.14 million.