World Wrestling Entertainment Inc. said Thursday its second-quarter earnings fell 52 percent from the year-ago quarter due to an impairment charge.
WWE reported second-quarter net income of $7 million, or 10 cents per share, down from $14.7 million, or 21 cents per share, during the same quarter a year ago.
Second-quarter net earnings included a one-time impairment charge of $15.7 million related to revised performance expectations of a feature film, "The Condemned." Excluding the impairment charge, net income would have been $16.9 million, or 23 cents per share...More?
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August 2, 2007
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