Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Firm plans Wentzville senior facility * A Springfield, Mo.-based developer is seeking approval to build a $14 million senior living facility in Wentzville, according to records with the state.

Real estate investment and development firm O'Reilly Development Company wants to build a 62-bed assisted living facility with 18 beds reserved for those with memory issues, according to an application with state health regulators.

Pending approval, the 46,000-square-foot community will be located at Perry Cate Boulevard and Highway Z in Wentzville, according to the application submitted to the Missouri Health Facilities Review Committee. The company confirmed the application.

The project is slated to be open for business in 2018.

Isle drops on results * Shares of Isle of Capri Casinos Inc. dropped 7.8 percent after the gambling company posted fiscal third- quarter results that missed Wall Street expectations.

The Creve Coeur-based casino operator had a net income of $6.6 million, or 16 cents a share, in the quarter ended Jan. 24, compared with $5.4 million, or 13 cents a share, a year earlier. Quarterly net revenues dipped 2.5 percent to $230.5 million.

Excluding discontinued operations, Isle reported adjusted earnings of 17 cents a share. Analysts, on average, had expected adjusted earnings of 21 cents, according to Thomson Reuters I/B/E/ S.

Isle shares closed Tuesday at $11.65, down 99 cents.

Stifel profit drops * A challenging financial market and merger- related costs helped push down fourth-quarter profit at Stifel Financial Corp.

The parent of St. Louis-based brokerage firm Stifel, Nicolaus & Co. reported Tuesday a net income of $11 million, or 14 cents a share, compared with 45 million, or 58 cents a share, a year earlier.

Quarterly net revenues bumped up 0.6 percent to $581 million.

"While the challenging market environment impacted fourth quarter activity, we are committed to optimizing our current capital base, managing our expense base, and taking the necessary steps to achieve our key financial targets," Ronald J. …

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