The Madison Square Garden Co.: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ The Madison Square Garden Co. (MSG) on Friday reported a loss of $80 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of $3.36.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.29 per share.
The sports team and entertainment company posted revenue of $214.8 million in the period.
The Madison Square Garden Co. shares have risen 4% since the beginning of the year. The stock has climbed 0.5% in the last 12 months.