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.