Playboy driven to loss of $4.37 a share on charges
By John Ittner Last update: 8:11 a.m. EST Feb. 18, 2009 NEW YORK (MarketWatch) -- Playboy Enterprises Inc. (PLA:Playboy Enterprises, Inc News , chart , profile , more Last: 1.50-0.17-10.18%
4:02pm 02/17/2009
PLA 1.50, -0.17, -10.2%) said it lost $146 million in the fourth quarter, or $4.37 a share. The loss included restructuring and impairment charges of $157 million. In the same period last year Playboy lost $1 million, or 3 cents a share. Revenue was $70 million compared to $86 million a year ago. Analysts polled by FactSet Research estimated, on average, a loss per share of 36 cents and sales of $74 million.
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