MARVEL ENTERTAINMENT INC (MVL) 51.83 -$0.08 (-0.15%) 09:20PM (15 mins delay)

Marvel Q3: Beats Estimates, But Revenues Tumble

Nov 04, 2009 - 5:13 PM EST

Zacks.com submits:

Marvel Entertainment Inc. (MVL), a character-based entertainment company engaged in the licensing, publishing and film production businesses, recently reported third-quarter 2009 results.

The quarterly earnings of 26 cents a share bettered the Zacks Consensus Estimate of 24 cents but fell sharply by 59.4% from 64 cents delivered in the prior-year quarter. Total revenue also tumbled 42.1% year-on-year to $105.7 million. The fall in both the top and bottom lines was due to lower licensing and film production revenues.

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Source: Seeking Alpha (Nov 04, 2009 - 5:13 PM EST)