DreamWorks Animation Slides on Downgrade and Marvel 4Q Profit More Than Doubles
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City of Industry, CA --(www.USEquityNews.com)-- 02/19/2008 - Media entertainment industry alert provided by U.S. Equity News. DreamWorks Animation (NYSE: DWA) SKG Inc. shares sagged Thursday after a BMO Capital Markets analyst downgraded the stock, saying its returns will likely decline in 2008 and are going to be uneven in the future. Jeffrey Logsdon cut his rating to "Market Perform," or "Neutral," from "Outperform," or "Buy." He said the company's results vary with the success or failure of its movies, which is hard to predict, rather than showing dependable growth.
At the 2008 American International Toy Fair, Disney Online (NYSE: DIS) officially unveiled the next exciting addition to the company's line-up of virtual worlds - Disney Fairies Pixie Hollow, based on the wildly popular Disney Fairies franchise. Visitors to the new online world will be able to explore the homes and meadows that make up Pixie Hollow. Fans will play and chat with Fairy friends, go on quests for Tinker Bell, play games, earn badges, craft jewelry and clothes and personalize their Fairy world.
Marvel Entertainment Inc. (NYSE: MVL), which licenses comic book characters for films and consumer products, said recently fourth-quarter earnings more than doubled on higher licensing revenue and toy profit. Marvel, whose characters include Spider-Man, The Incredible Hulk and Captain America, said net income rose to $27.6 million, or 35 cents per share, from $11.7 million, or 14 cents per share, in the year-ago period. The result exceeded expectations on Wall Street, where analysts projected profit at 29 cents per share.
InvestSource, Inc., a multimedia relations/investor relations firm specializing in bringing small- and micro-cap issuers to the attention of the broader public, announced recently that it has added the Epic Corporation (OTC: EPIO) to its rapidly growing "InvestSource Index" of publicly traded securities. Epic Corp. is the latest in a line of companies to recognize the potential benefits of placement in the InvestSource Index, a robust and feature-rich platform that incorporates the latest communications tools to create the most interactive environment for issuers and investors to interact, research, and communicate. A full profile of Epic Corp., including expanded company description, trading charts, and market highlights, is now available on the InvestSource website at: www.investsourceinc.com.
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