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Great Wolf Resorts Expects 1Q Loss



By AP
20 February 2008 @ 09:26 am EST

MADISON, Wis. - Great Wolf Resorts Inc., which operates indoor water-park resorts, said Wednesday it will likely report a loss in its first quarter.

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The company said it expects a loss of between 5 cents and 1 cent per share, excluding charges and an income-tax benefit.

Analysts polled by Thomson Financial predict the company will report between a loss of 5 cents per share and a profit of 2 cents per share for the quarter, with an average of a loss of 2 cents per share. Analysts typically exclude one-time charges and gains.

For the year, the company expects a loss between 45 cents and 30 cents per share, excluding charges and gains. Analysts anticipate a loss of 5 cents per share for the year.

Shares fell 46 cents, or 5.8 percent, to $7.48 in premarket trading. The shares closed at $7.94 Tuesday.

Copyright 2008 The Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

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