WWE Stock Outperforms Thursday’s Market Despite WWE Studios Dragging Down Earnings

CTPost had a blurb on WWE’s stock outperforming Thursday’s market after reporting their third quarter earnings for 2011. Below is an excerpt:

Stamford-based WWE also reported earnings Thursday and saw shares up 3.4 percent to $10.66 on the New York Stock Exchange. The wrestling entertainment company said earnings fell to $10.6 million, or 14 cents per share in the third quarter, from $14.3 million, or 19 cents a share, over the same period last year.

WWE’s film business was a drag on earnings again, but revenue from live and televised events rose nearly $5 million to $78.1 million in the quarter.

Click here to read the full article.

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