UPDATE 2-Marvel sees weak 2009 on early revenue recognition

martes 4 de noviembre de 2008 19:48 CET

* Q3 profit rises 39 pct

* Raises 2008 forecast

* Sees only modest performance for 2009

* Sees lower 2009 rev from Spider-Man merchandising venture

* Shares fall as much as 9 percent (Recasts; adds comments from analysts; updates share movement)

By S. John Tilak and Deepti Govind

BANGALORE, Nov 4 (Reuters) - Comic book publisher Marvel Entertainment Inc MVL.N posted a 39 percent rise in quarterly profit, and it recognized revenue from self-made films earlier than expected, resulting in a stronger outlook for 2008 and a weak forecast for the next year.

The company, which started its own film slate earlier this year by launching "Iron Man," said it anticipated only a modest performance in 2009 in terms of revenue and net income, and its shares fell as much as 9 percent.

It took Marvel one year to figure out what analysts knew all along, which is that it cannot defer film revenue, Wedbush Morgan Securities analyst Michael Pachter said.   Continuación...