Wall Street didn’t react well to WWE’s 2015 third quarter earnings report released on Thursday. While WWE beat their Q3 EPS estimates by $0.05, along with a revenue beat of $14 million, shares tumbled on Thursday and continued to trade in the $17 range on Friday morning.
Joel Elconin penned an article carried by YAHOO! Finance about the issue, where he speculated the red reaction could be due to underwhelming WWE Network subscriber numbers along with the company’s lower television ratings.
You can read the piece in its entirety at this link.