WWE Taken Down Despite Q3 Beat

World Wrestling Entertainment

shares are trading lower by $2.28 at $17.67 in Thursday's session. Despite a Q3 beat for EPS of $0.05 along with a revenue beat of 14M, the issue deeply in the red. The Street seems to be underwhelmed with the amount of new subscribers adding during the quarter. After a lower open, it peaked off the opening bell at $18.98 and continued to move lower. So far, it has reached $17.49 and is not far off that level. This marks the lowest level for the issue since it bottomed on October 5 at $17.25.