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.
Comichron founder John Jackson Miller has tracked the comics industry for more than 25 years, including a decade editing the industry’s retail trade magazine; he is the author of several guides to comics, as well as more than a hundred comic books for various franchises.
He is the author of novels including Star Wars: Kenobi, Star Wars: A New Dawn, Star Trek: Discovery – The Enterprise War, and his upcoming release, Star Trek: Strange New Worlds – The High Country. Read more about them at his fiction site.
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