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"Transformers," a special-effects movie extravaganza based on popular toys, earned $27.5 million during its first full day of release and appears on track to dominate the weekend box office, according to estimates on Wednesday by distributor Paramount Pictures.

After earning $8.8 million from Monday night screenings across the United States and Canada, the movie pulled in $27.5 million the next day -- a sum billed by Paramount as the biggest Tuesday haul for a movie.