BUSINESS
03/28/2008 02:45 am ET | Updated May 25, 2011

"Spider-Man 3" Propels Marvel To Heroic Quarter

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. On a per-share basis, the company earned 45 cents, well ahead of the 28 cents that Wall Street analysts had expected.

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