logo
Plus   Neg
Share
Email
Comment

Ryman Hospitality Properties Slips To Loss In Q4 - Quick Facts

Ryman Hospitality Properties Inc. (RHP) reported that its fourth-quarter loss from continuing operations was $14.9 million, or $0.32 per share compared to income from continuing operations of $5.1 million, or $0.10 per share, in the prior-year quarter.

Loss from continuing operations for the fourth quarter of 2012 included $44.2 million in pretax expenses related to the Company's conversion to a REIT and the impact of a $20 million pretax gain on the sale of brand rights to Marriott.

Income from continuing operations in the fourth quarter of 2011 included a non-cash pre-tax charge of $4.7 million to dispose of fixed assets related to the development of new resort pools and a room renovation at Gaylord Palms.

Consolidated revenue for the fourth quarter of 2012 of $266.3 million was slightly favorable compared to the prior-year quarter consolidated revenue of $265.5 million, as adjusted to reflect the elimination of $3.9 million in retail revenues from the prior-year period from functions that were outsourced in 2012, or a 1.1 percent decrease from prior-year quarter consolidated revenue of $269.4 million without such adjustment.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share on revenues of $282.01 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Opera, a web browser for Windows, macOS, and Linux operating systems, has added cryptocurrency mining protection to its mobile browsers. It is part of the browser's ad blocker function. In its desktop-based versions, Opera had introduced cryptocurrency miner protection in early January. French drug giant Sanofi SA Monday announced an agreement to buy US-based hemophilia drugmaker Bioverativ Inc. (BIVV) for around $11.6 billion. The deal expands Sanofi's presence in specialty care and strengthens leadership in rare diseases. Sanofi shares were losing around 4 percent in the early morning trading in Paris. Swiss banking giant UBS Group AG reported Monday a hefty net loss in its fourth quarter hurt by a charge related to US tax law changes. Pre-tax profit, however, increased from last year with improved operating income and lower expenses. Further, the company announced an increase in dividend, as well as a share buyback of up to 2 billion Swiss francs.
comments powered by Disqus
Follow RTT