Marvel Ent. has heroic quarter

November 06, 2007 Marvel Entertainment beat quarterly financial expectations, raised its guidance for next year and spurred a 16% rally in its shares Monday, making it the best performing stock on The Hollywood Reporter Showbiz 50 index. The company said strong sales in toys and clothing related to "Spider-Man 3" helped it to record net income of $36.3 million in the third quarter, up from $13.2 million in the same quarter last year. Among films Marvel is developing itself, it has completed principal photography on "Iron Man" scheduled for release May 2 and has commenced principal photography on "The Incredible Hulk," set for release June 13.

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