Isle of Capri Casinos Inc. (ISLE) said Tuesday that it returned to a profit in its fiscal second quarter, due in part to lower operating expenses and reimbursed development costs.
The casino operator reported a $1.6 million profit, or 5 cents per share, exceeding the 5 cents per share loss forecast by analysts surveyed by Thomson Reuters. The result compares with a loss of $13.5 million, or 43 cents per share, in the year-ago period.
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