Spotlight

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

Richard Gray November 4, 2011 WWE News No Comments

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.

FREE Wrestling News App: Dirt Sheet - iPhone | Android | iPad

About The Author

Richard Gray

Richard Gray is the owner and editor of WrestlingNewsWorld.com. Covering the professional wrestling business since 1999, Richard holds a Bachelor of Arts degree from West Virginia University. He is also the owner of Gray Internet Technologies, LLC. and should be contacted with all business matters. You can friend him on Facebook and follow him on Twitter. Email him directly at [email protected].