EARNINGS ROUNDUP / MARVEL
Marvel Entertainment Inc. topped Wall Street projections with its fourth-quarter results, saying net income more than doubled on strong DVD sales of the film “Iron Man.”
The company posted a profit of $63 million, or 80 cents a share, compared with $27.6 million, or 35 cents, a year earlier.
Analysts were looking for 70 cents a share, according to a Thomson Reuters poll.
Sales beat expectations as well, climbing to $224.3 million from $109.3 million a year ago, compared with the average forecast of $213.5 million.
Marvel said its movie business contributed $135.5 million in revenue, mainly from the “Iron Man” DVD sales.
Marvel shares gained $3.63, or 15.2%, to $27.55.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
