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Monsters Floats DreamWorks Profits

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Monsters Floats DreamWorks Profits

An unexpectedly strong performance from Monsters vs. Aliens brightened up the third quarter results for DreamWorks Animation.

DVD sales of the film helped the company post a $19.6 million profit on revenues of $135 million.

That’s a 48 percent drop in profits and 11 percent in revenues from the third quarter of 2008, though this year Monsters vs. Aliens is the studio’s only release this year while last year the company was riding income from hits Kung Fu Panda and Madagascar: Escape to Africa.

The company has overall done well in the down economy, its stock gaining 85% since February’s all-time low.

The studio’s lineup for next year will be more robust, with How to Train Your Dragon due in March, followed by Shrek Forever After in May and Oobermind in November.

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