The Madison Square Garden Co. posts 2Q profit
NEW YORK (AP) — The Madison Square Garden Co. (MSG) on Thursday reported fiscal second-quarter net income of $43.5 million.
On a per-share basis, the New York-based company said 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.
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 http://www.zacks.com/ap/MSG
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