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WWE: 3Q Earnings Snapshot

·1 min read

STAMFORD, Conn. (AP) _ World Wrestling Entertainment Inc. (WWE) on Thursday reported third-quarter earnings of $48.2 million.

The Stamford, Connecticut-based company said it had profit of 57 cents per share. Earnings, adjusted for non-recurring gains, were 56 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The producer of professional wrestling events and television shows posted revenue of $221.6 million in the period.

WWE shares have fallen 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.33, a decrease of 45% 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