Earnings Ooze Up For New Line

New Line Cinema’s first-quarter net profits soared 58% to $1.16 million (or 10¢ a share) from $739,000 (7¢).

Revenue for the period ended March 31 jumped 33% to $38.44 million from $28.96 million. The biggest contributor to the improvement was revenue generated from the release of “Teenage Mutant Ninja Turtles II: The Secret Of The Ooze,” which opened March 22 and has generated more than $70 million gross to date.

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