WWE 4thQ PROFIT BEATS ANALYST EXPECTATIONS
- 02/12/2008 (12:30:06 pm)
- Press Release
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WWE 4Q Profit Beats Analyst Expectations
AP
Posted: 2008-02-12 11:05:48
STAMFORD, Conn. (AP) - World Wrestling Entertainment Inc. said Tuesday its fourth-quarter profit rose 38.6 percent and beat analysts' predictions, aided by growth in its consumer products segment as well as its live and televised entertainment segment.
WWE shares rose $1.24, or 8.1 percent, to $16.55 in morning trading. In the past year, the stock has traded between $13.35 and $18.60.
For the quarter that ended Dec. 31, WWE earned $21.5 million, or 30 cents per share, compared with $15.5 million, or 22 cents per share, in the year-ago quarter.
The company's revenue rose year over year to $132.6 million from $107.6 million.
Analysts polled by Thomson Financial expected earnings of 17 cents per share on $115 million in revenue.
WWE's live and televised entertainment segment revenue rose $9.6 million to $82.3 million, while its consumer products segment revenue rose $11.4 million to $35.3 million.
WWE also reported $3.1 million in revenue from its WWE films segment, mostly from its feature film "See No Evil."
For the year, WWE earned $52.1 million, or 72 cents per share, on $485.7 million in revenue. This compares to a profit of $48.8 million, or 68 cents per share, on $415.3 million in revenue it reported in 2006.
Analysts expected a full-year profit of 59 cents per share on $467.8 million in revenue.
WWE shares rose $1.24, or 8.1 percent, to $16.55 in morning trading. In the past year, the stock has traded between $13.35 and $18.60.
For the quarter that ended Dec. 31, WWE earned $21.5 million, or 30 cents per share, compared with $15.5 million, or 22 cents per share, in the year-ago quarter.
The company's revenue rose year over year to $132.6 million from $107.6 million.
Analysts polled by Thomson Financial expected earnings of 17 cents per share on $115 million in revenue.
WWE's live and televised entertainment segment revenue rose $9.6 million to $82.3 million, while its consumer products segment revenue rose $11.4 million to $35.3 million.
WWE also reported $3.1 million in revenue from its WWE films segment, mostly from its feature film "See No Evil."
For the year, WWE earned $52.1 million, or 72 cents per share, on $485.7 million in revenue. This compares to a profit of $48.8 million, or 68 cents per share, on $415.3 million in revenue it reported in 2006.
Analysts expected a full-year profit of 59 cents per share on $467.8 million in revenue.
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Currently the WWE stocks are at $16.42 up $1.11 (7.25%)
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