Fourth-quarter loss for Playboy

Playboy Enterprises Inc., publisher of the most widely read men’s magazine, saw its shares fall 1.3% after reporting an unexpected fourth-quarter loss.

Shares declined 11 cents to $8.52 after the company reported a loss of $1.1 million, or 3 cents a share, compared with profit of $3.7 million, or 11 cents, a year earlier. Analysts surveyed by Bloomberg had estimated profit of 5 cents a share.

Sales fell to $85.9 million from $86.2 million. Publishing revenue dropped 2% to $24.7 million, reflecting a decline in subscriptions, Chicago-based Playboy said. Domestic television revenue fell 10%, pulling down sales for Playboy’s Entertainment Group.

Playboy said it had costs of $1.9 million related to the sale of its Andrita television studio.