World Wrestling Posts Profit in Fiscal Quarter

Overseas demand for smack-down action helped World Wrestling Entertainment Inc. post a net profit in its fiscal fourth quarter contrasted with a year-ago loss, the company said, despite a fall in domestic ratings and flat advertising revenue.

The company said it posted net income of nearly $16 million, or 22 cents a share, contrasted with a loss of $20.4 million, or 28 cents, a year earlier that came in part from writing off its failed XFL pro football league.

Shares of the Stamford, Conn.-based company rose nearly 4%, or 51 cents, to $14.20 on the NYSE.