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November 1, 2007

World Wrestling Entertainment 3Q results top expectations

World Wrestling Entertainment (NYSE:WWE) Inc. Thursday reported third-quarter net income of $8.5 million, or 12 cents a share, down from $9.2 million, or 13 cents a share, in the year-ago period.

The mean estimate of analysts polled by Thomson Financial was for earnings of 9 cents a share.

The Stamford, Conn.-based company said revenue for the period rose to $108.1 million from $93.2 million a year earlier. Analysts, on average, were looking for $102.4 million.

Shares closed Wednesday at $15.20.

source: money.cnn.com


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