Like many other travel-related companies across the country, West Coast already was feeling the pinch of a weakened economy when terrorists attacked the United States last week, sending many tourism-dependent businesses into a tailspin.
The company says it expects earnings per share to fall below the $0.30 to $0.34 range previously given. WestCoast officials are unable at this time to project the extent or the duration of the slowdown in travel and its effect on the financial performance of the company through theremainder of the year. The company will update projections in its third quarter earnings report, which it expects to release Oct. 30.
During the third quarter of 2000, the company reported earnings per share of $0.28.
Since Aug. 22, the company stock price has dropped from $7.38 per share to $6.90 at the close of trading Monday. Wednesday, the company's share price closed at $6.05 and remained unchanged in noontime trading Thursday. Its 52-week range is $4.90-$8.
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