By Adam B. Vary
Updated July 04, 2009 at 10:52 PM EDT

There’s good news, great news, and not-so-great news for Transformers: Revenge of the Fallen. The good news: According to estimates from Box Office Mojo, the blockbuster grossed $17.8 million on Friday, edging past Ice Age: Dawn of the Dinosaurs‘ $17 million for the top spot the second day in a row. The great news: With a ten-day total of $268.7 million, director Michael Bay can now stake his claim to making the highest grossing film of the year. (Second place Up, with $261 million, is poised to pass The Incredibles as Pixar’s second highest grossing film ever.)

Now for the not-so-great news: For the ongoing five-day July 4 weekend, Ice Age 3 has still brought in more dough, with $41.9 million to Transformer 2‘s $40.2 million. Can Optimus Prime and the Autobots catch up with the Manny the Woolly Mammoth and his history-defying Pleistocene pals? Check back here tomorrow for the full Box Office Report.