Playboy Enterprises dips after swinging to Q1 loss
Playboy Enterprises, Inc. (NYSE:PLA) shares aren’t centerfold material after posting a first-quarter net loss of $3.1 million, or $0.09 per share, versus a profit of $1.5 million, or $0.04 per share, a year earlier. The quarterly results included a $1.1 million in restructuring and severance expenses, as well as $0.4 million in foreign currency-related losses. Wall Street analysts anticipated earnings of $0.06 per share.
In Tuesday afternoon trading, PLA shares are down 11.29%, or $0.93, at $7.33. For detailed price information and recent news stories about Playboy, click PLA.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
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