Marvel Entertainment Inc’s shares have soared to an all-time high, beating market estimates by 6 cents. The quarterly profits benefited from strong Iron Man DVDs and TV sales of the self-produced blockbuster.
“I think it’s a good, solid, upside quarter,” Wedbush Morgan Securities analyst Michael Pachter said. “There’s nothing in there that’s really a shock.”
“Everybody knows the company has room to beat numbers and they’re proving that each quarter.”
Investors are looking to see if Marvel — whose profits have historically been spun around its most well-known character, Spider-Man — can monetize and succeed with its non-Spider-Man brands.
Marvel will not be releasing any other movies this year, but next year will see the release of the “Iron Man” sequel. “Thor” and the first “Avenger” movie, as well as Sony-produced “Spider-Man 4″ are slated for a 2011 release. The “Avengers” sequel will follow in 2012.