Mixed Financial News from Playboy - Multichannel

Mixed Financial News from Playboy

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Playboy Enterprises Inc. reported a third-quarter loss Wednesday but upped its full-year-2003 operating-income projection.

The adult-entertainment provider’s third-quarter net loss was $610,000 versus $639,000 in the year-earlier quarter. Revenue rose 11% to $74.4 million from $67.4 million.

However, based on stronger-than-expected year-to-date results and a solid outlook for the rest of the year, Playboy boosted its 2003 operating-income projection to $25 million from $22 million previously.

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