World Wrestling Entertainment Q3 results exceed expectations - Steven Mallas

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World Wrestling Entertainment Q3 results exceed expectations
Nov 06, 2009 01:40 PM UTC

Steven Mallas

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Via BloggingStocks:

Filed under: Earnings reports, Media World, World Wrestling Entertainment (WWE)

World Wrestling Entertainment (NYSE: WWE)'s stock jumped Thursday after the market took a look at the company's Q3 data. Overall revenues didn't see much of an increase, but earnings per share rose over 70% to 12 cents. Driving this incredible growth rate was a cut in gross costs. Analysts were betting on 10 cents in per-share profit, according to Earnings.com.

Did WWE deserve a pop of 7% during yesterday's trading session? Some of the excitement was certainly justified. It's obviously a positive thing to see management acting so diligently when it comes to costs. Of course, there was an increase in selling, general, and administrative expenses during the quarter, so there is still room for improvement (the nine-month table did show a decrease in this line, to be fair).

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World Wrestling Entertainment Q3 results exceed expectations originally appeared on BloggingStocks on Fri, 06 Nov 2009 08:40:00 EST. Please see our terms for use of feeds.

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