Why World Wrestling Entertainment Stock Popped 9% Today

Shares of professional wrestling promoter World Wrestling Entertainment (NYSE: WWE) popped more than 10% after reporting an earnings beat Thursday morning, ultimately closing the day up 8.7%. 

Expected to earn just $0.04 per share on $275 million in sales for its fiscal second-quarter 2019, WWE instead reported a $0.10 per-share profit despite sales falling short of estimates at $268.9 million. 

Image source: Getty Images.

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