Gaylord Entertainment Company Reports Q4 EPS of $(0.68) vs. $(0.37)

Gaylord Entertainment Co. GET today reported its financial results for the fourth quarter and full year ended December 31, 2010. Consolidated revenue decreased 13.5 percent to $213.3 million in the fourth quarter of 2010 from $246.6 million in the same period last year, and included the impact of the temporary closure of Gaylord Opryland and the closure's impact on certain of the Company's other Nashville-based assets due to the flood damage suffered on May 3, 2010. Loss from continuing operations was $32.5 million, or a loss of $0.68 per diluted share (based on 47.7 million weighted average shares outstanding) in the fourth quarter of 2010 compared to a loss from continuing operations of $0.5 million, or a loss of $0.01 per diluted share, in the prior-year quarter (based on 47.0 million weighted average shares outstanding).