Mixed 3Q for Playboy

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Playboy Enterprises Inc.’s third-quarter-2005 financial results were mixed.

The company reported net income of $3.2 million, or $0.10 per basic and diluted share, versus $1.9 million ($0.06) in the previous-year period, and it said revenue rose to $80.9 million from $80.2 million. Operating income, however, slipped to $5.4 million from $6.7 million.

“We are on track to delivering the higher revenues and improved net income and earnings per share in 2005 that we projected, despite a significantly more challenging publishing environment than we initially anticipated,” chairman and CEO Christie Hefner said in a prepared statement.

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