WWE Revises Their Business Outlook

Submitted By Nick Noel on 11/05/09

Following up on WWE announcing their third quarter results today, WWE issued the following statement: WWE, Inc. Announces 2009-12 Business Outlook Expects 15% to 20% Earnings Growth STAMFORD, Conn., Nov 05, 2009 -- World Wrestling Entertainment, Inc. (NYSE:WWE) today issued a revised business outlook, targeting average annual earnings growth between 15% to 20% over the 2009 through 2012 period. 1 The revised outlook is based on a comprehensive review of the Company's operations. Vince McMahon, Chairman and Chief Executive Officer, said, "We believe we can achieve meaningful growth by strengthening our global expansion and television distribution, leveraging our new partnership with Mattel and continuing to improve operating efficiency. Through disciplined cost management, we expect our operating leverage to deliver outstanding earnings growth with even moderate increases in revenue." George Barrios, Chief Financial Officer, added, "WWE's projected earnings growth reflects our focus on producing superior economic returns on the capital invested in our business and thereby creating value for our shareholders." Additional information on World Wrestling Entertainment, Inc. (NYSE:WWE) can be found at http://wwe.com and http://corporate.wwe.com/. For information on our global activities, go to http://www.wwe.com/worldwide/. Notes: 1 The outlook above does not include the impact of any future merger or unplanned restructuring charges, the impact from sales and acquisitions of operating assets and investments, or the impact of taxes on the above items, that may occur from time to time due to management decisions and changing business circumstances. The Company is currently unable to forecast precisely the timing and/or magnitude of any such amounts or events. :: DISCUSS THIS POST ON THE FORUMS! :: SEE MICKIE JAMES & THE DIVAS NUDE! :: BUY WRESTLING DVD'S THROUGH OUR STORE! :: GO BACK TO THE HOME PAGE WRESTLING EPICENTER STORE IS OPEN! THE HOTTEST WRESTLING DVD'S ARE NOW AVAILABLE! We've got hundreds of pro wrestling DVD's at your fingertips! All your favorite stars such as Hulk Hogan, Kurt Angle, Sting, Ric Flair, Bruiser Brody, "Macho Man" Randy Savage, Harley Race, Andre the Giant, Dynamite Kid, Davey Boy Smith, Bret "The Hitman" Hart, Booker T, & countless others! We've also got the Divas! Raw and extreme footage of Candice Michelle, Beulah McGillicutty, Gorgeous George, Tylene Buck, Francine, Christy Hemme, Dawn Marie, Madusa, and the rest of your favorite sexy divas! We even have got official WWE merchandise! All this can be yours in the Wrestling Epicenter Store! CLICK HERE TO GO TO THE STORE! Home | News | Editorials | Interviews | Forums | Chat Room | Store | Divas | PPV Results | TV Results | Shows | Links | Metal Epicenter | Contact Us/Staff