Ameristar Casinos Increases Third Quarter 2006 Financial Guidance
Ameristar Casinos, Inc. (NASDAQ:ASCA) today updated its financial guidance for the third quarter of 2006.
Based on preliminary results of operations, we have revised our previously issued third quarter financial guidance and currently estimate operating income of $43.0 million to $44.0 million (increased from prior guidance of $36.0 million to $38.0 million), EBITDA of $67.0 million to $68.0 million (increased from prior guidance of $61.0 million to $63.0 million) and diluted earnings per share of $0.35 to $0.36 (increased from prior guidance of $0.27 to $0.29). Our revised guidance gives effect to $24.0 million of estimated depreciation expense and $12.5 million of estimated interest expense. Our previously issued guidance anticipated $25.0 million of depreciation expense and $12.0 million of interest expense.
Further details of the key drivers of this improved performance will be covered in the press release discussing our third quarter earnings, which is scheduled to be issued at 4:00 p.m. Eastern Time on October 25, 2006, and the conference call to follow at 5:00 p.m. Eastern Time.
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