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Why World Wrestling Entertainment Stock Dropped 10.2% Last Month

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Why World Wrestling Entertainment Stock Dropped 10.2% Last Month

Shares of World Wrestling Entertainment (NYSE: WWE) dipped 10.2% in October, according to data from S&P Global Market Intelligence. The company posted non-GAAP (adjusted) earnings per share of $0.56 on revenue of $221.6 million, while the average analyst estimate (as polled by FactSet) called for per-share earnings of $0.38 on sales of $221.7 million. Sales for the period were up 18.9% year over year, and the company managed to grow paid subscriptions for its WWE Network service by 6%.