New York (CNN Business) The news keeps getting worse for the sports entertainment company World Wrestling Entertainment. WWE WWE Shares offell 9% Thursday morning after the company reported "considerable uncertainty" about its strategy and outlook. WWE reported fourth quarter earnings of 78 cents a share, which topped Wall Street's forecasts. Revenue came in at $323 million, up nearly 20% from a year ago but lower than analysts' forecasts of $332 million. But the company has been rocked in recent months by concerns about its international growth as it seeks to ink new television contracts in many foreign markets.

Source: CNN February 06, 2020 17:22 UTC