Global Entertainment Corp. (GNTP.OB) Reports Net Loss of $2.6 Million
Global Entertainment Corp. announced its fiscal year end 2010 results, which proved to be lackluster for the integrated event and entertainment company. For the fiscal year ended May 31, 2010, the Company realized a net loss of $2.6 million, or $0.39 per share, compared to net income of $0.03 million, or $0.00 per share, for the prior fiscal year. Revenues were also down to $11.3 million compared to $13.2 million during the fiscal year ended May 31, 2009, a decrease of $1.9 million, or 14.2%. In 2010, contributing factors leading to this decline were the fluctuations in initial fees and…