On Tuesday, Isle of Capri Casinos (NASDAQ:ISLE)’s shares inclined 15.38% to $18.00.
Isle of Capri Casinos (NASDAQ:ISLE) stated financial results for the fourth quarter and fiscal year ended April 26, 2015.
2015 Fourth Quarter and Fiscal Year Highlights
- Fourth quarter Adjusted EBITDA raised 14.8% to $65.6 million year over year.
- Fiscal 2015 Adjusted EBITDA raised 15.5% to $200.2 million year over year.
- Fiscal 2015 Adjusted EBITDA margin exceeded 20%, up 193 bps year over year.
- Reduced debt by $73 million in fiscal 2015 to below $1 billion for the first time since 2000.
- Debt to Adjusted EBITDA ratio is below 5x at the end of fiscal 2015.
Financial Highlights
Net revenues for the quarter raised 5.3% to $274.6 million and merged Adjusted EBITDA raised from $57.2 million to $65.6 million, or 14.8%. Adjusted EBITDA margin was 23.9% for the quarter, relative to 21.9% in the year ago quarter. Adjusted income per share was $0.58 during the quarter, contrast to $0.34 in the prior year. GAAP basis diluted income (loss) per share from ongoing operations for the fiscal 2015 quarter was $0.08 contrast to ($3.51) for the fourth quarter of the prior year, counting non-cash valuation charges assessed during both periods.
Isle of Capri Casinos, Inc., together with its subsidiaries, develops, owns, and operates regional gaming facilities and related dining, lodging, and entertainment facilities in the United States. As of June 17, 2014, it owned and operated 15 gaming and entertainment facilities primarily under the Isle and Lady Luck brands in Mississippi, Louisiana, Iowa, Missouri, Colorado, Pennsylvania, and Florida.
Mastercard Inc (NYSE:MA)’s shares gained 0.16% to $92.05.
Mastercard Inc (MA) will offer its customer’s access to Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay, when it launches in the UK.
MasterCard has built a foundation for secure mobile transactions made with Apple Pay, to allow consumers to use their cards where and how they want with a seamless payment experience. For consumers and merchants alike, that means that every purchase made with a MasterCard using an iPhone 6, iPhone 6 Plus or Apple Watch will offer the security, benefits and guarantees of any MasterCard transaction.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
At the end of Tuesday’s trade, Aeropostale Inc (NYSE:ARO)‘s shares dipped -5.58% to $1.86.
Aeropostale Inc (ARO) stated results for the first quarter of fiscal 2015, and offered guidance for the second quarter of fiscal 2015.
First Quarter Performance
For the first quarter of fiscal 2015, net sales reduced 20% to $318.6 million, from $395.9 million in the year ago period. Comparable sales, counting the e-commerce channel, for the first quarter reduced 11%, contrast to a decrease of 13% for the corresponding 13-week period ended May 3, 2014.
The Company stated a net loss for the first quarter of fiscal 2015 of $45.3 million, or $0.57 per diluted share, which comprised of:
- an after-tax charge of $2.3 million, or $0.03 per diluted share, resulting from store closing costs, partially offset by
- an after-tax benefit of $1.1 million, or $0.02 per diluted share, resulting from a retirement plan settlement adjustment.
Not taking into account the aforementioned charges, the Company stated an adjusted net loss of $44.0 million, or $0.56 per diluted share in the first quarter of fiscal 2015 (see Exhibit C).
The Company stated an operating loss for the first quarter of fiscal 2015 of $40.5 million or, not taking into account the aforementioned charges, an adjusted operating loss of $39.3 million (see Exhibit C).
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing.
OGE Energy Corp. (NYSE:OGE), ended its Tuesday’s trading session with -2.08% loss, and closed at $29.15.
The ASA/USA Softball Hall of Fame Museum and four-field complex has become the first softball venue and predominately women’s athletic venue in the country to earn the EPA Green Power Partnership with their commitment to offset 100 percent of its electricity consumption with renewable wind power, following a recent agreement with OGE Energy Corp. (OGE).
The 10-year agreement between ASA/USA Softball and OG&E provides the ASA Hall of Fame complex with renewable energy credits for its OGE Energy Field, ancillary fields, museum and administrative offices. This encompasses the new improvements with the completion of the first phase of its multi-million dollar renovation.
ASA/USA Softball and OG&E have partnered to create a state-of-the-art electric technology venue, an outcome of the 20-year agreement formed last year between OGE Energy Corp. and Oklahoma City All Sports Association to support the venue improvements required to retain the NCAA WCWS. Other elements of the partnership comprise the stadium field name, now called OGE Energy Field, in addition to adding a platform to educate fans and OG&E customers on wise energy use for residential and commercial application.
A partner of OGE Energy Corp., OG&E serves more than 800,000 customers in a service territory spanning 30,000 square miles in Oklahoma and Western Arkansas. The company is a leading provider of renewable energy in Oklahoma, accounting for 850 MW of renewable energy, representing about 10 percent of the company’s total generation capability.
OGE Energy Corp., together with its auxiliaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations. The Electric Utility segment generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas.
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