Argosy Gaming 1Q Oper Net 17c/Diluted Shr Vs Loss 10c
Argosy Gaming Co. - Alton, Ill. 1st Quar March 31: 1999 1998Revenue $137,391,000 $115,700,000Net income a 2,921,000 (2,537,000)Avg shrs (basic) 27,114,690 24,333,333Avg shrs (diluted) 28,362,329 24,333,333Shr earns (basic) Net income a .11 (.10)Shr earns (diluted) Net income a .10 (.10)
Figures in parentheses are losses.
a. Includes charge of about $1.8 million for a severance package and settlement agreement with its former president. Excluding items, earnings were $4.7 million, or 17 cents a share.
Argosy Gaming Co.'s (AGY) first-quarter earnings before interest, taxes, depreciation and amortization, excluding charges, rose to $34.9 million from $23.7 million a year ago.
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