-

Wall Street expects another year-over-year decline in WWE earnings for Q2 2019

Wall Street financial experts are expecting another year-over-year decline in earnings due to lower revenues when WWE posts their Q2 2019 financial report on July 25.

Stocks will probably take another hit if key numbers miss expectations while despite reporting lesser revenues, stocks are likely to tick up if these key numbers top Wall Street expectations.

WWE is rumored to be posting a quarterly loss of $0.03 per share and revenues are expected to be $277.2 million, down 1.6% from the year-ago quarter.

For Q1 2019, the company had revenues of $182.4 million as compared to $187.7 million in the prior year quarter and an operating income loss of $6.8 million as compared to income of $21.8 million in the prior year quarter. Investors drove down the stock from $99 to $82 overnight after the report came out.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

NXT rating for 10/27/2026

NXT on Tuesday drew just 520,000 viewers as the MLB World Series game took all the glory on television....

How wrestling and MMA approach match strategy differently

Professional wrestling and mixed martial arts share more than a few techniques. Both involve grappling, striking, physical conditioning, and...

AJ Styles favorite to take Shawn Michaels’ spot at WWE Performance Center and NXT

With the news of Shawn Michaels tapped to take over the role of Bruce Prichard once he retires next...