Station Casinos ( STN) kicked off the gaming industry's fourth-quarter earnings season Monday with a record performance. Including items, the Las Vegas-based gaming company reported net income of $38 million, or 55 cents a share, vs. a loss of 8.6 million, or 14 cents a share, a year ago. Excluding items, Station, which primarily targets local residents at its Las Vegas casinos and hotels, said adjusted earnings were 58 cents a share, vs. 42 cents a share a year ago. Analysts expected the company to earn 51 cents a share, according to Thomson First Call. Revenue rose to $264.7 million, up 15% from a year ago. Looking ahead, the company expects EBITDA-based income of approximately $107 million to $113 million and EPS of 56 cents to 62 cents, excluding items, in the first quarter. Analysts expect 55 cents a share. In premarket trading, shares were at $57.40, up $1.75, or 3.1%.