Marvel Enterprises (NYSE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Marvel Enterprises (NYSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockid who started this subject	11/4/2003 8:21:31 AM
From: stockamaniac	Read Replies (1) of 540

Earnings from Reuters: The fact that earnings estimates for next year would be lower than this year has been known since the Raymond James report of a while ago. The article also mentions toy sales are flat - MVL now licenses most toys rather than make them themselves so of course toy sales won't be what they once were. Corrected report from reuters as they screwed up the details on initial release. So much for a gap up - still great earnings IMO ----------------------------------------------------------- NEW YORK, Nov 4 (Reuters) - Marvel Enterprises Inc.'s (NYSE:MVL - News) quarterly profit rose by nine times helped by a one-time gain, the comic book publisher said on Tuesday although sales were flat as strong licensing of characters such as "The Hulk" and "Spider-Man" offset weak sales in its toy division. New York-based Marvel reported a third-quarter profit of $63.1 million, or 85 cents a share, including a $31.5 million one-time gain from the adjustment of an asset on its balance sheet. It posted a year-ago profit of $6.7 million, or 17 cents per share. Sales were virtually flat at $84.5 million compared with $84.4 million a year ago. Licensing sales, which account for half of the company's business, rose by two-thirds. But toy sales were trimmed nearly in half, reflecting a decline in sales of action figures based on the "Spider-Man" film. The company said it expects its net profit for 2004 to be lower than 2003 as a result of a higher tax rate. It also expects operating income to be higher in 2004. It expects its fourth-quarter earnings to be in a range of 10 cents to 16 cents a share. The average Wall Street estimate was 13 cents a share, with a range of 4 cents to 23 cents, as compiled by Reuters Research, a unit of Reuters Group Plc.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next