Vince McMahon Comments on Possible Financial Ramifications of Hogan Firing; WWE Stock Soars

Vince McMahon participated in a WWE second quarter conference call today, and during the call Vince was asked several questions about WWE’s current financial state.

One of the questions specifically pertained to Hulk Hogan’s firing, and how it might impact the company due to his merchandise sales. Vince answered by saying Hogan’s firing has “no material effect on them.”

Following the release of today’s second quarter earnings report, WWE stock is currently up 18.69%, trading at $19.54 per share.