Gaylord Entertainment Shares Plunged: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Investors were checking out of shares of hotel operator Gaylord Entertainment (NYS: GET) , pushing the stock down as much as 13% in intraday trading on heavy volume.

So what: The phrase "second-quarter earnings" was etched on the side of the torpedo that hit Gaylord's shares today. Though revenue increased 29% from last year, the $237 million was slightly short of the $238 million that analysts were expecting. Per-share profit, meanwhile, clocked in at $0.17, which was even with Wall Street's expectations.

Now what: While Gaylord did tweak the components of its outlook for the full year, total cash-flow expectations for the year were left unchanged. While there may have been a bit of a letdown in the results -- certainly the report was a little light on optimism -- they didn't seem nearly bad enough to justify a double-digit percentage loss. It would seem that investors have realized this; as of this writing, the stock has recovered substantially from its losses earlier in the day.

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At the time this article was published Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.Fool contributorMatt Koppenhefferdoes not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting hisCAPS portfolio, or you can follow Matt on Twitter@KoppTheFoolorFacebook. The Fool'sdisclosure policyprefers dividends over a sharp stick in the eye.

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