SPOKANE, WA West Coast Hospitality Corp. reported its fourth quarter profits slipped because of a poor performance by its TicketsWest entertainment services unit.
West Coast reported net income of $345,000 or three cents a share, compared with earnings of $740,000 or six cents a share, in last years fourth quarter. TicketsWest revenues fell 44% to $1.5 million, while total revenues were up 2.5% to $28.7 million. The company said it expects to earn a penny to four cents a share in the first quarter, and between 51 to 62 cents a share for 2001. (2/8/01)
SOURCE: Reuters