NASHVILLE (AP) — Gaylord Entertainment Co. reported a profit for the second quarter, bouncing back from a loss a year ago when it absorbed expenses tied to flood damage at its Nashville, Tenn., properties.

But the lodging and entertainment company lowered full-year forecasts for some key measures of revenue on Tuesday.

Its stock fell $3.45, or 11.7 percent, to $26.14 in midday trading. The shares have traded in a range of $25.39 to $38.22 over the past year.

The company said it was revising its full-year forecasts for revenue per available room — a key metric for hotel operators — to account for challenges facing the Gaylord National in Washington, D.C.

Chairman and CEO Colin Reed said that while the Gaylord National has been hampered by ongoing pressure, the Gaylord Texan and Gaylord Palms' results have been solid.

Gaylord anticipates 2011 adjusted revenue per available room for Gaylord Hotels to rise 5.5 percent to 7.5 percent, down from an earlier projection of a 7.5 percent to 9.5 percent increase. Gaylord Hotels excludes the Gaylord Opryland.

Including Gaylord Opryland, the company expects a 4 percent to 6 percent increase in revenue per available room compared with a prior forecast for a 6.5 percent to 8.5 percent increase.

The company reported net income of $8.6 million, or 17 cents per share, for the quarter ended June 30, compared with a loss of $22.7 million, or 48 cents per share, during the same period a year earlier.

Analysts predicted earnings of 16 cents per share for the latest period, according to a FactSet poll.

Gaylord said the year-ago period included $81.3 million in pretax casualty loss expenses, which was somewhat offset by insurance proceeds of $50 million. The period also included $6.2 million in preopening costs tied to the reopening of the Nashville properties.

Revenue climbed 29 percent to $236.8 million from $183.9 million. The company said its performance improved as compared with a year ago partly because the Gaylord Opryland and other Nashville attractions were closed during the prior-year period due to flooding in the area. Wall Street expected revenue of $238.2 million.