NEW YORK – Equity Inns, a hotel REIT, said its fourth quarter and full year 2000 earnings would beat Wall Street estimates.
The Memphis-based company said it would record fourth quarter earnings of $0.25 per share, and $1.42 per share for fiscal 2000. Wall Street analysts on average had expected the company would earn $0.21 per share in the quarter, and $1.39 for the fiscal year according to First Call/Thomson Financial. The company had earnings of $0.28 per share in the fourth quarter last year.
(12/14/00) SOURCE: Reuters