Iron Man Boosts Marvel's Bottom Line

Marvel (MVL) is doing very well today thanks to the success of the DVD release of Iron Man. For the fourth quarter, the company earned 80 cents a share which was a huge jump from the 35 cents a share it made last year. The consensus on Wall Street was for 71 cents a share, and sales doubled to $224 million.

After the Dark Knight, Iron Man was the second-most successful movie of 2008. I was happy to see Marvel sign a deal with Hasbro (HAS) to make toys based off their characters. Marvel also reaffirmed its guidance for this year which is EPS coming in between $1 and $1.35, and sales between $415 million and $460 million.

Best of all, Marvel is hoping to have another blockbuster coming on May 1. That’s when X-Men Origins: Wolverine starring Oscar-host Hugh Jackman opens.

The stock is currently up 14% today.

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