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WWE Wrestles With Declining Revenue

Investing.com - World Wrestling Entertainment shares were slammed midday Thursday, as the media and entertainment company struggled to ring in solid quarterly numbers.

The company reported a loss of $0.11 per share, while revenue fell 2.8% year on year to $182.4 million. Both missed analyst estimates.

For the second quarter, the WWE is forecasting an operating income of $19 million to $24 million, which represents a decline.

WWE (NYSE:WWE) fell 9.5% in midday trade. But shares are still solidly higher over the last six months.

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