Marvel Stock Soars after 3rd Quarter Results

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Thanks to the huge revenues generated from licensing product for Spider-man 3, Marvel Entertainment posted record gains for 3rd Quarter of 2007. Marvel's net profits of $36.3 million made Q3 their most profitable quarter to-date, up nearly three times more than gains in the same quarter last year.

Marvel's profits beat all Wall Street estimates, sending its stock up 17%. While licensing certainly drove the bulk of these profits, Marvel's publishing end also showed strength, thanks in large part to the success of World War Hulk.