Dallas Strip Clubs: Rick’s Cabaret sees 2010 EPS of $0.95-$1.05
… Sees 2010 rev $84 mln to $86 mln vs est $83.41 mln
Jan 13 (Reuters) – Rick’s Cabaret International Inc (RICK.O) forecast a 2010 earnings range, whose lower end was in line with market expectations, as the adult nightclub operator expects a boost from popular events like the Super Bowl held in Miami and the NBA All Star Game in Dallas.
The Houston-based company sees a profit of between 95 cents to $1.05 a share, on revenue of between $84 million and $86 million.
Analysts on average were looking for a profit of 95 cents a share, before items, on revenue of $83.41 million, according to Thomson Reuters I/B/E/S.
Rick’s Cabaret, which in September bought Cabaret North, an upscale gentlemen’s club in Texas to boost its presence in the Dallas-Ft. Worth market, also said the outlook assumes continued organic growth.
See the full article from “Reuters”