(Bloomberg) — World Wrestling Entertainment Corp. posted fourth-quarter results and a sales forecast that missed Wall Street projections, and management warned that initiatives to drive growth and monetization of its content are “subject to considerable uncertainty.” The stock plunged 18% in early trading.The company, which pre-announced 2019 earnings at the low end of estimates, recently ousted two of its top executives in a shake-up. Long-time board member Frank Riddick was named interim chief financial officer in January, reporting to WWE Chairman and Chief Executive Officer Vince McMahon.See more details here.Key InsightsRevenue in 2019 was hurt by lower live event ticket …read more
Source:: Yahoo Finance
