Shares in World Wrestling Entertainment Inc. were down sharply in trading Monday after the Stamford producer of live and televised wrestling matches declared it expects to post fourth-quarter earnings that fall short of Wall Street projections, The Associated Press reports.
At 11 a.m., WWE was down $1.29, or 9.6 percent, to $12.21.
The company anticipates its earnings per share for the three months ended Dec. 31 will range from 8 cents to 10 cents. Analysts’ consensus estimate is for earnings of 17 cents a share, according to data from FactSet.
WWE expects to release complete fourth-quarter financial results on Feb. 10.
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Former WWE CEO Linda McMahon failed last November as a GOP challenger to ascend to the U.S. senate.
