Westaff 4th Qtr Results Down, But Optimistic for '04

Westaff, Inc. (Nasdaq:WSTF), a provider of temporary light industrial, clerical/administrative and call center staff, yesterday reported financial results for the fourth quarter and fiscal year, which ended November 1, 2003. Revenues for the fourth quarter of fiscal 2003 were $178.9 million, down slightly compared with $179.5 million for the fourth quarter of fiscal 2002. Domestic revenues declined 4.7% due largely to a reduction in sales for certain high volume, low margin government business. Revenues from international operations increased 21.9%. Excluding the effects of exchange rate flu...