The first quarter financial results of Isle of Capri Casino, Inc. drew praise from stock analysts Wednesday (9/2), but its Bettendorf riverboat was noteworthy for just the opposite – falling revenues.
The Isle earned $3.1 million for the first quarter, or 8 cents per share, a turnaround from last year when the gambling firm lost 6 cents per share, or $2.3 million. The St. Louis-based firm also reported a significant increase in net revenues for the period, jumping nearly 5 percent to $260 million, compared to $249.5 million during the same period a year ago.