WWE: 1Q Earnings Snapshot

WWE: 1Q Earnings Snapshot

Associated Press
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STAMFORD, Conn. (AP) _ World Wrestling Entertainment Inc. (WWE) on Thursday reported a first-quarter loss of $8.4 million, after reporting a profit in the same period a year earlier.

The Stamford, Connecticut-based company said it had a loss of 11 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The producer of professional wrestling events and television shows posted revenue of $182.4 million in the period.

WWE shares have risen 32 percent since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WWE at https://www.zacks.com/ap/WWE

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