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'Shrek 3' lifts DWA to higher ground


August 07, 2007 "Shrek the Third" is performing so well that Goldman Sachs analyst Anthony Noto has raised his earnings per share estimate on DWA. "Shrek the Third" has taken in $320 million at the domestic boxoffice and $400 million internationally, with Italy and other territories yet to be tapped, so Noto added $25 million to his international forecast, bringing it to $425 million. The embrace of "Shrek the Third" comes in stark contrast to the way "Shrek 2" was pilloried a few years ago when DWA said DVD sales were falling short, even though a whopping 41 million units -- at least -- have been sold to date.

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