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John Jackson Miller and other pop culture archaeologists interested in comics history.

 

Tuesday, November 4, 2008

Marvel 3Q report tops estimates

Marvel announced earnings this morning topping analyst expectations, Reuters reports. "It now expects earnings of $2.45 to $2.65 a share on revenue of $640 million to $670 million," the report says. " Marvel had earlier forecast earnings of $1.55 and $1.75 a share for 2008, on sales of $450 million to $480 million. Net profits for 3Q 2008 were $50.6 million on net sales of $182.5 million, or 64¢ a share — more than the 52¢ that had been predicted.

Publishing is a big chunk of Marvel's business, but the piece gets into the contribution from films and licensing. It also says Marvel tried to reduce expectations for 2009.

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