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Charges Widen Playboy Fourth-Quarter Loss
CHICAGO -- Playboy Enterprises (PLA Quote) on Wednesday reported its loss widened in the fourth quarter as revenue fell and the publishing and entertainment company logged significant impairment charges.
Playboy shares rose 8 cents, or 5.3%, to $1.58 in midday trading. The stock has ranged from $1.03 to $9.13 over the past year.
For the quarter ended Dec. 31, Playboy recorded a loss of $145.7 million, or $4.37 per share, compared with $1.1 million, or 3 cents per share, in the year-ago quarter. ...
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