marvelstudioslogo.jpgMarvel announced in its third quarter earning report that the revenue from Iron Man came in earlier than expected, causing the company’s profits to rise by 39% to $50.6 million in net profits.

With no new Marvel-produced releases set for next year and a bunch of “Iron Man” money already accounted for, Marvel was forced to significantly rein in its 2009 forecast while beefing up its full-year 2008 forecast.

Even with expectations that Q4 earnings will be lower, the company stock rose 1.9% by end of the trading day.

Having dealt with companies that refuse to make forward looking statements, having Marvel state it is being cautions for projected profits is quite interesting.  The company might have waited a bit longer to release Iron Man on DVD to ensure those sales fall into the last quarter of the year, but considering the slate of movies arriving arriving in the next couple of years, I have a feeling the stock price will rise yet again.

via THR

The Author

Stephen Schleicher

Stephen Schleicher

Stephen Schleicher began his career writing for the Digital Media Online community of sites, including Digital Producer and Creative Mac covering all aspects of the digital content creation industry. He then moved on to consumer technology, and began the Coolness Roundup podcast. A writing fool, Stephen has freelanced for Sci-Fi Channel's Technology Blog, and Gizmodo. Still longing for the good ol' days, Stephen launched Major Spoilers in July 2006, because he is a glutton for punishment.

You can follow him on Twitter @MajorSpoilers and tell him your darkest secrets...

Previous post

Marvel Select Hulk in Stores Now

Next post

Goodnight Opus

No Comment

You know you have something to say, say it in the comment section