Vince McMahon Misses Investor Call – More Q3 Results

WWE has released its Third Quarter 2010 Financial Results on Thursday morning. It’s interesting to note that WWE Chairman Vince McMahon did not take part in the company’s investor conference call, which he was previously scheduled for.

For the complete detailed financial statement, visit Corporate.WWE.com.

Here’s a snapshot of the results:

STAMFORD, Conn.–(BUSINESS WIRE)– World Wrestling Entertainment, Inc. (NYSE:WWE – News) today announced financial results for its third quarter ended September 30, 2010.

* Revenues totaled $109.6 million as compared to $111.3 million in the prior year quarter.

* Operating income was $20.3 million as compared to $14.5 million in the prior year quarter.

* Net income was $14.3 million, or $0.19 per share, as compared to $8.9 million, or $0.12 per share, in the prior year quarter.

* Impacting comparability to the prior year quarter are production tax credits recorded in both current and prior year quarters.

* Excluding the impact of these credits, Adjusted Operating income was $14.2 million as compared to $12.0 million in the prior year quarter. Adjusted Net income was $10.3 million, or $0.14 per share, as compared to $7.4 million, or $0.10 per share.

“In the third quarter, our results reflected the Company’s continued focus on optimizing business results in a difficult environment,” stated Vince McMahon, Chairman and Chief Executive Officer. “We generated earnings growth despite a decline in revenue across many of our businesses. We believe our ongoing talent transition and the sluggish economy were important factors in these declines. Based on our history of developing talent and creating content with broad appeal, we are confident we can address these creative challenges. Further, by taking advantage of our strategic opportunities, we can achieve meaningful growth.”

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