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"(MarketWatch) - Hugh Hefner's Playboy Enterprises was among media and entertainment gainers Wednesday morning, as the sector began its eighth straight mixed session.
Playboy (PLA, Trade) rose 18 cents to $12.87 after the company said that Excluding a one-time fourth-quarter charge related to insurance recoveries, earnings would have been 26 cents a share, exceeding the average analyst estimate compiled by Thomson First Call of 16 cents, amid strength in its TV and online businesses, coupled with lower interest expenses.
Revenue declined 1.6 percent to $89.6 million, missing analyst forecasts of $91.1 million."
But again thats the entire company.
I am sorry maybe 100 Million a year for A COMPANY is huge, but think about other industries.
You can look at Mainstream SONY trading at 37 per share for example Grossing over 849 Million if you wanna bring out heavy weight names.
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