Isle Of Capri Casinos Q4 Net Loss Widens, But Revenue Climbs - Quick Facts

(RTTNews) - Gaming and entertainment company Isle of Capri Casinos, Inc. (ISLE) Tuesday reported a wider loss for the fourth quarter, mainly reflecting significantly higher valuation charges.

The firm's loss amounted to $141.5 million or $3.55 per share, greater than, last year's loss of $45.4 million or $1.15 per share.

The Company recorded non-cash impairment charges of $162.1 million in fiscal 2014 and $50.1 million in fiscal 2013.

On an adjusted basis, the company earned $0.34 per share for the quarter. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.22 for the quarter. Analysts' estimates typically exclude one-time items.

However, revenues rose to $260.8 million from $257.4 million in the prior-year quarter, and beat consensus estimate of $258.57 million.

Further, the company said for the full year 2015, it expects maintenance capital expenditures to be nearly $47 million to $50 million. Depreciation and amortization expense is expected to be nearly $80 million to $82 million.