AP NEWS

The Madison Square Garden Co.: Fiscal 1Q Earnings Snapshot

November 8, 2019 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSG at https://www.zacks.com/ap/MSG