Isle of Capri Casinos (ISLE) reported fiscal first-quarter earnings of 2 cents per share, falling well short of the Zacks Consensus Estimate at 13 cents.
Shares have plunged more than 14% today.
Revenue slipped 6.3% to $259.9 million, primarily due to sluggish gaming revenues.
The casino operator also stated that it remained on track to exit its international operations in the near term. The company will exit the Bahamas no later than Oct 31 and expects to exit its remaining UK operations by the end of the calendar year.
Meanwhile, the Zacks Consensus Estimate for the full fiscal year ending April 2010 is at 20 cents per share, which is down 3 cents, or 13%, over the past month.
ISLE, a Zacks #3 Rank (“Hold”) stock, is trading on unusually high volume of approximately 1.9 million, against the average daily volume of about 448,000.
“ISLE” Free Stock Analysis: Buy? Sell? Hold?
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