River stage: 22.88 ft. Rising
Thursday, Mar. 26, 2015
Isle of Capri Stocks DipPosted Tuesday, August 31, 2010, at 1:15 PM
Isle of Capri Casino reported a first quarter 2011 loss of $2.66 million, or $0.08 a share yesterday, according to CasinoGamingStock.net.
The website, which tracks gaming companies, reported the company's performance in the first quarter was below Wall Street analysts' expectations, who projected revenue of $262.50 million.
The Cape Girardeau City Council last week endorsed Isle of Capri's $125 million casino proposal.
Isle's stock values have dropped over the past few months, from closing at $9.26 per share on June 30 to opening at $7.92 today, according to the New York Stock Exchange. It was trading as low as $6.90 this afternoon.
Isle's Chief Operating Officer James B. Perry told CasinoGamingStock.net the company's performance was solid in the midst of poor economic conditions.
He also pointed to the company's expansion efforts as a way to boost revenue, including its proposed Cape Girardeau casino and a second one under consideration in Fayette County, Penn.
Click here to read more: http://www.casinogamingstock.net/news/is...
Showing comments in chronological order
[Show most recent comments first]
The Bottom Line
- Blog RSS feed
- Comments RSS feed
- Send email to Melissa Miller
Melissa Miller is business editor at The Southeast Missourian. A graduate of the University of Missouri Journalism School, she's worked as a reporter, photographer, editor and as the executive director of two not-for-profit organizations. After living in Michigan and then Indiana, she moved back to her hometown of Jackson, Mo. In addition to writing daily stories for The Southeast Missourian, Melissa coordinates editorial content each month for Business Today. Business Today is a monthly publication for southeast Missouri's business community. Monthly themes include health care, agriculture, women in business, technology and more. Business Today is direct mailed to business owner and managers throughout southeast Missouri and southern Illinois. Follow her updates on local business developments at www.twitter.com/semissourianbiz or on Facebook at www.facebook.com/MelissaMillerSoutheastMissourian