Shares of live entertainment events producer Madison Square Garden Entertainment Corp. (MSGE) are up more than 8% on Monday morning after the company reported better-than-expected fourth quarter revenue.
Revenue for the quarter was $99.78 million, compared with $9.0 million in the prior year quarter, helped by significant sales growth in Tao Group Hospitality segment. Analysts polled by Thomson Reuters expected the company to report revenue of $64.97 million.
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