Opry Operator Reports Profit Fall

Gaylord Entertainment, the company that operates the Grand Ole Opry as well as various hotels and resorts, recently reported that profits fell but managed to beat analyst predictions during the first quarter of the year.

Net income fell to 8 cents per share, or $3.5 million, this year while net income was 32 cents per share, or $13.2 million, during the first quarter of last year.

Thomson Financial analysts reportedly forecast earnings of 3 cents per share.

Revenue dropped from $241.6 million in 2006 to $239.8 million this year, apparently because of declines in sales at ResortQuest, and its Opry and attractions segment.