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8-K - FORM 8-K - WORLD WRESTLING ENTERTAINMENTINC | l89213e8vk.htm |
Exhibit 99.1
WWE Fourth Quarter 2010 EPS Projections
STAMFORD, CT., January 21, 2011 WWE (NYSE:WWE) announced today that, based on currently
available data, it believes that earnings per share for the fourth quarter, ended December 31st,
2010, will be in a range of $0.08 to $0.10. Analysts average estimate for fourth quarter EPS is
$0.16 per share.
These results are preliminary and subject to completion and the review of the 2010 financial
statements by the Company (including its Audit Committee) and its independent auditors. The
Company is continuing to review its financial and operating results and actual results may differ
from the earnings per share estimates contained herein. Until completion of that process, the
Company is not in a position to discuss individual aspects of its financial results, which will be
disclosed in the normal course. As stated in a separate press release, WWE expects to release its
financial statements on February 10, 2011. It is providing this projected EPS range in advance as
it expects that this would be useful information for the financial community.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized
leader in global entertainment. The Company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly,
PG content across all of its platforms including television programming, pay-per-view, digital
media and publishing. WWE programming is broadcast in more than 145 countries and 30 languages and
reaches more than 500 million homes worldwide. The Company is headquartered in Stamford, Conn.,
with offices in New York, Los Angeles, Chicago, London, Shanghai, Singapore, Tokyo, Toronto and
Mexico City. Additional information on WWE (NYSE: WWE) can be found at wwe.com and
corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
If you have additional questions, please contact WWE Investor Relations via e-mail at
investor.relations@wwecorp.com.
Contacts: |
||
Investors:
|
Michael Weitz | |
203-352-8642 | ||
michael.weitz@wwecorp.com | ||
Media:
|
Robert Zimmerman | |
203-359-5131 | ||
robert.zimmerman@wwecorp.com |
Trademarks: All WWE programming, talent names, images, likenesses, slogans, wrestling
moves, trademarks, copyrights and logos are the exclusive property of World Wrestling
Entertainment, Inc. and its subsidiaries. All other trademarks, logos and copyrights are the
property of their respective owners.
Forward-Looking Statements: This news release contains forward-looking statements pursuant
to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to
various risks and uncertainties. These risks and uncertainties include, without limitation, risks
relating to maintaining and renewing key agreements, including television distribution agreements;
the need for continually developing creative and entertaining programming; the continued importance
of key performers and the services of Vincent McMahon; the conditions of the markets in which we
compete; acceptance of the Companys brands, media and merchandise within those markets;
uncertainties relating to regulatory and litigation matters; risks resulting from the highly
competitive nature of our markets; the importance of protecting our intellectual property and
complying with the intellectual property rights of others; risks associated with producing live
events both domestically and internationally; uncertainties associated with international markets;
risks relating to our film business and any new business initiative which we may undertake; risks
relating to the large number of shares of common stock controlled by members of the McMahon family;
and other risks and factors set forth from time to time in Company filings with the Securities and
Exchange Commission. Actual results could differ materially from those currently expected or
anticipated. In addition, our dividend is significant and is dependent on a number of factors,
including, among other things, our liquidity and historical and projected cash flow, strategic plan
(including alternative uses of capital), our financial results and condition, contractual and legal
restrictions on the payment of dividends, general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant, including a waiver by the McMahon
family of a portion of the dividends.