I'm guessing that sin isn't in, as far as this recession is concerned. Playboy Enterprises (NYSE: PLA) posted a larger fourth-quarter loss thanks to $157.2 million in restructuring costs and other one-time costs. In addition, weaker-than-expected revenue cut into the quarterly performance. PLA's net loss checked in at a sizable $4.37 per share, far larger than the loss of three cents per share a year ago. This most-recent loss rounds out a year when PLA posted a loss in each quarter. PLA's revenue fell to $69.8 million from $85.9 million a year ago, and it fell well short of the expected revenue of $73.7 million.PlayboyMagazine posts
FeedPlayboy reports fourth-quarter earnings
I'm guessing that sin isn't in, as far as this recession is concerned. Playboy Enterprises (NYSE: PLA) posted a larger fourth-quarter loss thanks to $157.2 million in restructuring costs and other one-time costs. In addition, weaker-than-expected revenue cut into the quarterly performance. PLA's net loss checked in at a sizable $4.37 per share, far larger than the loss of three cents per share a year ago. This most-recent loss rounds out a year when PLA posted a loss in each quarter. PLA's revenue fell to $69.8 million from $85.9 million a year ago, and it fell well short of the expected revenue of $73.7 million.Playboy posts strong earnings, attracts hedge fund interest
Playboy Enterprises Inc. (NYSE: PLA), much like its founder Hugh Hefner, continues to show signs of spunk. The adult-entertainment company today reported better-than-expected third quarter profit, helped by strong licensing sales and international TV revenue. Shares of the Chicago-based company are up about 10% over the past six months. Playboy is gaining new pop culture relevance thanks to "The Girls Next Door" and that will be further helped whenever the big budget movie about Hefner gets made.
Playboy, though, is a small fish in a very big media pond. Net income for the quarter was $2.6 billion, or 8 cents per share, compared with $1.1 million, or 3 cents, a year earlier, beating Wall Street consensus forecasts of 6 cents. The revenue figure of $82.8 million -- only a 1% gain from the year-earlier period -- missed analysts' estimates of $86 million.
Continue reading Playboy posts strong earnings, attracts hedge fund interest
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