Source: Motley Fool
The following is from a recent Motley Fool article:
World Wrestling Entertainment (NYSE: WWE) was another topper that pounded projections to the canvas. Providing action and drama to fans of bulked-up grapplers, the company earned $0.15 a share this past quarter. That was two cents ahead of where Wall Street was looking to complete the tag.
The media giant’s results did clock in lower than last year’s fiscal fourth quarter showing, but that’s not the point of beating the market. Analysts were being too pessimistic here and that’s a good reason to get pumped. As Steve Mallas points out, the year as a whole looked pretty good with revenue and earnings surging higher. That’s important because quarterly results can be lumpy given the timing of pay-per-view showcases and venue events.
