World Wrestling Entertainment issues a press release Friday announcing lower-than-anticipated earnings when the organization releases fourth-quarter financial results on Thursday, February 10.
The company expects its earnings per share for the next three months ended December 31 will range from eight cents to ten cents. Experts were estimating earnings of seventeen cents a share.
Shares in WWE stock fell $1.13 (8.4 percent), to $12.37 in aftermarket trading after sliding 33 cents (2.4 percent) to $13.50 during the regular trading day.
The news has been picked up by the Associated Press, as well as the Wall Street Journal and TheStreet.Com.
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