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World Wrestling Entertainment 1Q Profit Falls
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WWE
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STAMFORD, Conn. (AP) — World Wrestling Entertainment Inc. said Thursday that its first-quarter profit fell 47 percent, mainly due to the timing of a "WrestleMania" event whose revenue will be included in the sports entertainment company's second quarter.
For the quarter that ended March 31, WWE earned $10.3 million, or 14 cents per share, compared with $19.5 million, or 27 cents per share, in the year-ago quarter.
The results fell a penny short of what analysts polled by Thomson Reuters expected. ...
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