Guitar Center Income Rises in 4th Quarter

Guitar Center Inc. reported net income for the fourth quarter ended Dec. 31 of $14.5 million compared with $10.6 million for the same quarter the previous year. Revenue increased to $193 million compared with $146 million. Net sales for the year ended Dec. 31 increased to $18.3 million from $16.4 million for 1998. Revenue rose to $620 million from $486 million.

Guitar Center, through its 71 stores and Internet subsidiaries, sells musical instruments and recording equipment.