Isle of Capri Casino Reports Strong Earnings - Investors Upbeat

Much like the hot dice at a crowded craps table on a Saturday night, Isle of Capri's strong earnings results caused a stir as market players bid up the stock to get in on the action.

Can investors count on Isle of Capri to keep its hot hand?

Isle is currently looking like a natural to some investors. Quarterly results clearly impressed; revenue for its fourth quarter, ended April 30, jumped 19%, while earnings climbed by much more. Full-year revenue growth was OK, up just a little more than 4%, while earnings grew by almost 6%.

Results were a bit skewed, however, in part by some other gambling casinos that are just getting back to normal after having been hit by major hurricanes last fall. In addition, a couple of casino properties are being segregated from continuing earnings, since they're being sold. But overall, analysts applauded new property development and are upbeat about the growth potential of the gambling casino.

June 27, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com    Previous Page | Internet Gambling | Top Online Casinos | Submit News!