Playboy Gets a Rare Rise
Playboy earnings rise without the help of Viagra. Maybe the internet is paying off for this once hot company.
Playboy, whose shares jumped 10.61 percent at the close, also said it expects to record a stronger fourth quarter than a year ago and is on track to achieve a per-share profit for the full year after a net loss last year.
Third-quarter net profit totaled $1.9 million, or 6 cents a share, matching analysts' consensus forecast. Chicago-based Playboy posted a loss of about $900,000, or 3 cents a share, a year earlier, when results were weighed down by higher debt expenses and foreign taxes.
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