Playboy Profits Rise in Third Quarter
More Than Double From 2006
Posted Nov 07th, 2007 10:25 AM by Peter Warren
- Playboy Enterprises Inc. announced today that its quarterly profits more than doubled from the company's third-quarter earnings last year, according to Reuters.
Reporting a net income of $2.6 million, or 8 cents a share, up from $1.1 million, or 3 cents a share, one year ago, Playboy attributed the rise to sales of consumer products and royalties from its licensing deal with the Palms Casino Resort.
Revenue remained essentially level, with $82.8 million in sales, compared to $82.3 million in the third quarter of 2006.