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Stocks Alert: World Wrestling Entertainment, Inc. (NYSE:WWE), Invesco Ltd. (NYSE:IVZ), Taseko Mines Limited (USA) (NYSEMKT:TGB)

Stocks Alert: World Wrestling Entertainment, Inc. (NYSE:WWE), Invesco Ltd. (NYSE:IVZ), Taseko Mines Limited (USA) (NYSEMKT:TGB)
Written by
Joel Najarian
Published on
October 30, 2014
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World Wrestling Entertainment, Inc. (NYSE:WWE) posted a Q3 adjusted net loss of $0.6 million, or $0.01 per share, topping the consensus for a loss of $0.17 per share. The company reported adjusted net income of $7.0 million, or $0.09 per share in the year-ago period. Revenues rose to $120.2 million from $113.3 million, yet fell short of analysts' consensus of $133.2 million. Vince McMahon, Chairman and Chief Executive Officer, commented, "As we expanded WWE Network to 731,000 subscribers, our Adjusted OIBDA of $5.1 million surpassed our guidance, which indicated an Adjusted OIBDA loss ranging from $10 million to $15 million with an average of 723,000 subscribers."World Wrestling Entertainment, Inc. (NYSE:WWE) said it raised its full-year adjusted OIBDA outlook ranges by about $15 million-$20 million, based on the company's performance in Q3. Additionally, McMahon said, "revenue from the company's seven new key television agreements is expected to increase from approximately $130 million in 2014 to approximately $235 million in 2018, providing over $100 million of revenue growth subject to counterparty risks." WWE shares are trading within a 52-week range of $10.55 - $31.98.Invesco Ltd. (NYSE:IVZ) reported Q3 adjusted earnings above analysts' expectations even as the investment manager's revenue, while up 12% from a year earlier, was slightly below the Street view. Net income attributable to common shareholders rose to $256 million, or $0.59 per diluted share, from $228.1 million, or $0.51 per diluted share, a year earlier. Adjusted to exclude one-time items, Invesco Ltd. (NYSE:IVZ) earnings were $0.64 per share in the latest quarter, up from $0.55 per share in the prior-year period and a penny above analysts' mean estimate according to Capital IQ. Total operating revenue rose 12% to $1.31 billion, slightly below the Street's consensus estimate of $1.34 billion.Taseko Mines Limited (USA) (NYSEMKT:TGB) shares declined Thursday to their lowest level in more than five years, after the miner late Wednesday reported it swung to an unexpected Q3 adjusted loss, partly as a result of lower prices for copper and molybdenum. TGB shares were down 0.7% to $1.40 in recent trading after earlier hitting $1.37, its lowest level since June 2009.Taseko Mines Limited (USA) (NYSEMKT:TGB) recorded a net loss of $20.9 million, or $0.11 per share, compared with net income of $120,000, or $0.00 per share, in the same period last year. On an adjusted basis, the miner reported a loss of $11.2 million, or $0.06 per share, compared with a loss of $1.9 million, or $0.01 per share, in Q3 2013. The average earnings estimate of five analysts surveyed by Capital IQ was $0.00 per share. Its profitability was hurt by lower copper sales volume and realized price, lower molybdenum prices and an increase in site operating costs, Taseko said. Revenue rose to $93.7 million from $66.8 million in the same period last year, falling short of the Street's consensus estimate of $106 million.

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