STAMFORD, Conn. (AP) _ World Wrestling Entertainment Inc. (WWE) on Thursday reported first-quarter net income of $43.8 million.

The Stamford, Connecticut-based company said it had profit of 51 cents per share.

The producer of professional wrestling events and television shows posted revenue of $263.5 million in the period.

WWE shares have risen 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.22, a climb of 42% in the last 12 months.

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