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Hulk, Spider-Man Rescue Marvel
Hollywood's fondness for superhero flicks helped boost Marvel Enterprises(MVL Quote) to sharply higher earnings and revenue in the second quarter. The company also raised third-quarter guidance.
The New York-based comic-book company earned $32.8 million, or 42 cents a share, on $90.0 million in revenue in the second quarter, compared with earnings of $4.4 million, or 10 cents a share, on revenue of $71.0 million a year ago. The year-ago quarter had a $4.6 million impairment charge.
The latest quarter's earnings easily beat the consensus estimate of analysts surveyed by Thomson First Call, which was 31 cents a share. ...
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