World Wrestling Entertainment's Q3: Buy or Sell the Numbers?

Filed under: Earnings Reports, World Wrestling Entertainment (WWE)

World Wrestling Entertainment (WWE) issued its third-quarter report on Thursday. According to the press release, adjusted net income increased 40% to 14 cents per share, which Earnings.com indicates is two pennies ahead of the consensus estimate. Sadly, the top line dipped slightly to $109.6 million.



Of course, because WWE is a stock that possesses a very high dividend yield of 10%, a shareholder is obligated to check out the free cash flow being generated by the business. After looking at the statistic, I can't say I'm too pleased. For the nine-month period, the level of free cash dropped to roughly $23 million from the $89 million that was recorded in last year's similar frame. During the third quarter itself, the metric was equal to a paltry $0.5 million.

Continue reading World Wrestling Entertainment's Q3: Buy or Sell the Numbers?

World Wrestling Entertainment's Q3: Buy or Sell the Numbers? originally appeared on BloggingStocks on Fri, 05 Nov 2010 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=2aa9d9bd05479fd0c8c215173b88c2f4