Playboy Enterprises Slips To Loss In Q4 - Quick Facts

Posted on Wednesday, February 13, 2008 7:57 AM

(RTTNews) - Playboy Enterprises, Inc. (PLA, PLAA) on Wednesday reported a fourth quarter net loss of $1.1 million or $0.03 per share, compared to net income of $3.7 million or $0.11 per share in the prior year quarter. On average, four analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.05 per share. The recent quarter results included both a $1.9 million charge, due primarily to the sale of assets related to the company's Andrita television studio, which is expected to be completed in March 2008, as well as a tax benefit of $2.6 million, primarily related to the UK television operations. Net revenues for the period decreased to $85.9 million from $86.2 million in the previous year quarter. Four Wall Street analysts expected revenues of $88.14 million. For comments and feedback: contact editorial@rttnews.com