Morning Roundup: World Wrestling Entertainment, Inc.(NYSE:WWE), TASER International, Inc.(NASDAQ:TASR), WEX Inc(NYSE:WEX)


World Wrestling Entertainment, Inc.(NYSE:WWE) announced that WWE Network is now available on the Xbox One video game and entertainment system from Microsoft (NASDAQ:MSFT) for $9.99 a month with a six month commitment.

TASER International, Inc.(NASDAQ:TASR) is weaker after the company reported mixed financial results for Q1.   Shares are down 6% at $16.05 with a 52-week range of $8.43 – $20.83.

The company, which develops and manufactures electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets, reported Q1 net income of $3.4 million, or $0.06 per diluted share, compared with $3.3 million, or $0.06 per diluted share in the same quarter in 2013. This was in line with the Capital IQ analyst estimate.

Revenue was $36.2 million, up 18.9% from $30.4 million in the same quarter last year. Analysts were expecting revenue of $33.89 million. Gross margin in the quarter was 61.4%, compared with 60.6% in the same period last year.

WEX Inc(NYSE:WEX) shares were up 1.4% early in Wednesday’s session as the corporate card payment solutions company reported Q1 sales and earnings that topped forecasts.

The company’s adjusted net income for Q1, 2014 increased 4% to $41.6 million, or $1.06 per diluted share, from $39.8 million, or $1.02 per diluted share, for the same period a year ago. That beats estimates of $1.04, according to Capital IQ.

Net income to common shareholders on a GAAP basis was $36.5 million, or $0.93 per diluted share, compared with $28.7 million, or $0.73 per diluted share, for Q1 last year. Total revenue for Q1 2014 increased 10.1% to $182.1 million from $165.4 million for Q1 2013. The Street expected revenue of $174 million, according to Capital IQ estimates.

WEX trades in a 52-week range of $66.43 to $101.58.

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