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Tuesday, November 03, 2009
Marvel's Third-quarter Earnings Decline
By Michelle Donley
MarketWatch Pulse
NEW YORK -- Marvel Entertainment Inc. said Tuesday that its third-quarter earnings fell to $20.4 million, or 26 cents a share, from $50.6 million, or 64 cents a share, in the same period a year ago. The company, which owns popular comic-book icons such as Spider-Man, Iron Man and X-Men, reported that sales declined to $106 million from $182 million. Marvel also said that it still expects its deal to be acquired by Walt Disney Co. to close by the end of the year.
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