Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — The Madison Square Garden Co. has reported fiscal second-quarter net income of $43.5 million.
On a per-share basis, the New York-based company says it had profit of $1.74.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The sports team and entertainment company posted revenue of $410.8 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $414.5 million.
The Madison Square Garden Co. shares have fallen slightly more than 7 percent since the beginning of the year.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
