Marvel Entertainment (MVL) said third quarter earnings declined to $20.4 million, or 26 cents per share, as compared to $50.6 million, or 64 cents per share, in the same quarter last year. This quarter’s results did beat analyst estimates.
Sales for the quarter dipped to $105.7 million, as compared to $182 million in the same quarter last year, when the company had a higher level of feature film and licensing activity.
Disney (NYSE:DIS) announced in August that it would acquire Marvel and its stable of characters and brands- including Spiderman, Iron Man, The Incredible Hulk and the X-Men – and the deal is still expected to close by the end of the year.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.