Madison Square Garden Sports Swings to Fiscal Q4 Profit, Revenue Rises

MT Newswires Live08-13

Madison Square Garden Sports (MSGS) reported fiscal Q4 earnings Tuesday of $1.06 per share, swinging from a loss of $0.39 per share a year earlier.

Three analysts polled by Capital IQ expected earnings of $0.09.

Revenue for the quarter ended June 30 was $227.3 million, up from $126.9 million a year earlier.

Analysts surveyed by Capital IQ expected $167.5 million.

Madison Square Garden Sports' shares were 1.3% higher in premarket trading.

Price: 197.60, Change: +1.81, Percent Change: +0.92

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