Marvel cuts Q1 EPS by $0.02

by Jeff

May 24, 2007 07:00 AM Eastern Daylight Time

NEW YORK–(BUSINESS WIRE)–Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company, reported a correction in its weighted average number of diluted shares outstanding to 86,071,000 for its quarter ended March 31, 2007. The correction resulted in a two-cent reduction in its reported diluted earnings per share to $0.54 for that quarter.

The correction has no effect on Marvel’s 2007 financial guidance or on any of its other financial results. Net income for Q1 2007 remains unchanged at $46,842,000.

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