WWE: 4Q Earnings Snapshot
STAMFORD, Conn. (AP) _ World Wrestling Entertainment Inc. (WWE) on Thursday reported fourth-quarter earnings of $41.2 million.
The Stamford, Connecticut-based company said it had profit of 46 cents per share. Earnings, adjusted for investment gains, came to 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The producer of professional wrestling events and television shows posted revenue of $272.5 million in the period.
For the year, the company reported profit of $99.6 million, or $1.12 per share. Revenue was reported as $930.2 million.
WWE shares have increased roughly 7 percent since the beginning of the year. The stock has more than doubled in the last 12 months.