Marvel (MVL) Beats The Street

Posted: November 5, 2007 at 12:47 pm

Marvel Entertainment (MVL), the home of Captain America (RIP) and X-Men, beat Wall St. expectations and its shares are up almost 20% to $27.80.

For Q3 2007, Marvel reported that net income rose to $36.3 million, or $0.45 per diluted share, compared to net income of $13.2 million, or $0.16 per diluted share, in Q3 2006. Net sales rose from $92 million to $124 million on the strenth of the company’s licensing business.

The company also increased its guidance.

Douglas A. McIntyre

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