UPDATE 1-Madagascar 3's international success drives DreamWorks results
* Third-quarter earnings $0.29/shr vs est $0.11
* Revenue up 16 pct at $186.3 mln vs est $139.4 mln
* Madagascar 3 contributed about 25 pct to total third-quarter revenue
Nov 1 (Reuters) - DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of ``Madagascar 3: Europe's Most Wanted''.
The company said Madagascar 3, which released in June, raked in nearly $720 million worldwide, of which 70 percent was from international markets.
DreamWorks' last movie for 2012, ``Rise of the Guardians'', featuring the voices of Alec Baldwin, Hugh Jackman and Jude Law among others, will release on Nov. 21 in the United States.
The company expects fourth-quarter results to be driven by that film as well as the continued international success of Madagascar 3 and its home video release.
The animation studio behind the hugely successful ``Shrek'' and ``Kung Fu Panda'' franchises said net income rose to $24.4 million, or 29 cents per share, in the third quarter, from $19.7 million, or 23 cents per share, a year earlier.
The company, which competes with Walt Disney Co's Pixar among others, said revenue rose 16 percent to $186.3 million, a quarter of which came from Madagascar 3. 1/8I D :nPnLA04544 3/8
Analysts, on average, had expected earnings of 11 cents per share on revenue of $139.4 million, according to Thomson Reuters I/B/E/S.
Walt Disney Co said on Tuesday it had agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its ``Star Wars'' franchise for $4.05 billion, a blockbuster deal that includes the surprise promise of a new film in the series in 2015.
DreamWorks shares, which have risen about 13 percent in the last six months, closed at $20.61 on the Nasdaq.