Fourth-quarter earnings at Gaylord Entertainment Co. climbed two-thirds as the Nashville Network and Grand Ole Opry owner posted big gains from its cable business and steady growth at its entertainment division.
For the quarter, Gaylord earned $ 14.9 million (17 cents a share), compared with $ 8.8 million (10 cents) in the like period a year ago. Revenue was $ 154.4 million, up from $ 140.9 million.
For the year, the company earned $ 27.6 million (33 cents), compared with $ 29.4 million (35 cents) in 1992. Revenue was $ 622.6 million, up from $ 564.9 million.
Revenue from the cable networks climbed 18.7% to $ 208.9 million over the year. Annual revenue from the entertainment division grew 4% to $ 261.6 million.