Isle Of Capri Q1 Loss Reduces - Quick Facts

(RTTNews) - Isle of Capri Casinos, Inc. (ISLE) posted a narrower net loss of $2.32 million, or $0.06 per share for the first quarter of fiscal 2015, versus a loss of $4.86 million, or $0.12 per share, last year. On an adjusted basis, income per share from continuing operations totaled $0.02 for the latest quarter. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.

First-quarter net revenues came in at $241.6 million, compared with $238.0 million in the prior-year quarter. Six analysts projected revenues of $242.77 million.

According to the company, operating results in the most recent quarter were impacted by $2.3 million of severance expenses related to the corporate restructuring and $1.0 million in expenses related to the voter referendum that would potentially allow casinos at certain racetracks in Colorado. The year-ago quarter benefited from a $1.0 million gain on the sale of our airplane.