iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

$MSG Pops 10% in Pre-market Trade as Profits Triple

 

“NEW YORK (MarketWatch) — Madison Square Garden Co. MSG +2.37% said Friday its fourth-quartet profit more than tripled to $28.6 million, or 37 cents a share, from $8.53 million, or 11 cents a share, in the year-ago period. The owner of the New York Knicks and the New York Rangers said its revenue increased to $332.9 million from $233.9 million. Wall Street analyst expected MSG to earn 24 cents a share on revenue of $267 million, according to a survey by FactSet. Among the company’s segments, MSG Sports saw the biggest jump in revenue to $131.2 million from $75.4 million.”

Source

 

 

If you enjoy the content at iBankCoin, please follow us on Twitter