Madison Square Garden Sports Corp. (MSGS) reported a profit for third quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $37.88 million, or $1.57 per share. This compares with $52.38 million, or $2.18 per share, in last year's third quarter.
Analysts on average had expected the company to earn $2.6 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.3% to $429.95 million from $382.74 million last year.
Madison Square Garden Sports Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $37.88 Mln. vs. $52.38 Mln. last year.
-EPS (Q3): $1.57 vs. $2.18 last year.
-Revenue (Q3): $429.95 Mln vs. $382.74 Mln last year.
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