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Stock Market & Financial Investment News

News Breaks
May 23, 2014
06:11 EDTWWEWWE needs 1.3M-1.4M subscribers to make up for revenue loss, NY Post says
WWE CFO George Barriors admitted that the company's business model towards a direct relationship with customers through a digital network rather than its reliance on cable and satellite represents a "significant pivot," reports the New York Post. Speaking at JPMorgan Global Tech and Media Conference, Barrios said it will likely take 1.3M-1.4M digital network subscribers to make up for the revenue it had been getting from the PPV events, even though they only had over 667,000 subscribers as of April 7. Reference Link
News For WWE From The Last 14 Days
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July 31, 2015
10:02 EDTWWEOn The Fly: Analyst Downgrade Summary
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09:35 EDTWWEWWE downgraded to Neutral from Long-Term Buy at Hilliard Lyons
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July 30, 2015
18:13 EDTWWEOn The Fly: Top stock stories for Thursday
The market began the session in negative territory following the release of second quarter GDP data below economists' estimates. Continuing this morning's slow start, the indexes churned in negative territory for the first half of the day before turning mixed near noon. The Dow and S&P generally lagged behind the Nasdaq, with the S&P narrowly edging into positive territory by session close. ECONOMIC EVENTS: In the U.S., gross domestic product was estimated to have grown at a 2.3% annualized rate in the second quarter, though expectations were for GDP growth of 2.7%. The government also upwardly revised its estimate of first quarter GDP growth to 0.6% from a prior estimate of 0.2% contraction in the period. Initial jobless claims rose 12,000 to 267,000 in the week ended July 25, which was a bit below the expected 270,000 first-time claims. COMPANY NEWS: Facebook (FB) reported earnings and revenues last night that topped expectations, but its shares slid $1.78, or 1.84%, to $95.21 as the social network's growth in daily averages users fell a bit short of the consensus forecast and may have missed the high, "whisper" expectations for its report... Shares of Whole Foods (WFM) sunk 11.61% to $36.08 and hit a 52-week low of $35.57 during the session after the company reported weaker than expected results and provided lower than expected profit guidance. Several analysts downgraded shares of the organic foods grocer in the wake of its quarterly report and outlook. MAJOR MOVERS: Among the notable gainers was T-Mobile (TMUS), which advanced $1.82, or 4.91%, to $38.86 after handily beating analyst estimates and raising its outlook for yearly net customer additions forecast. Also higher following their earnings reports were Mondelez (MDLZ) and WWE (WWE), gaining a respective 5.03% and 17.48%. Among the noteworthy losers was Stratasys (SSYS), which fell $3.82, or 10.47%, to $32.67 after the company rescinded its fiscal year guidance, citing a lack of visibility on growth in the market. The news built on continued fears of overcapacity in the sector, leading to session losses for numerous 3D printer stocks, including an 8.94% drop for peer 3D Systems (DDD). Also lower was Qorvo (QRVO), which declined $9.99, or 14.17%, to $60.49 after its second quarter guidance significantly trailed analyst estimates, after which the stock saw price target reductions from BMO and Brean. Additionally, LinnCo (LNCO) declined $1.83, or 29.33%, to $4.41 after parent company Linn Energy (LINE) announced plans to suspend dividends and reserve roughly $450M from annualized distributions, which saw Linn also slipping 26.32% to $4.76. INDEXES: The Dow fell 5.41, or 0.03%, to 17,745.98, the Nasdaq gained 17.05, or 0.33%, to 5,128.79, and the S&P 500 advanced 0.06, or 0.00%%, to 2,108.63.
08:35 EDTWWEWWE sees Q3 adjusted OIBDA $13M-$17M
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08:34 EDTWWEWWE reports Q2 EPS 7c, consensus (2c)
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July 24, 2015
09:57 EDTWWEWWE confirms contract with Hulk Hogan terminated, ABC News says
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