Madison Square Garden Entertainment Corp. (MSGE) revealed Loss for first quarter that decreased from last year and beat the Street estimates.
The company's earnings totaled -$19.32 million, or -$0.40 per share. This compares with -$50.67 million, or -$1.00 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.5% to $138.71 million from $142.21 million last year.
Madison Square Garden Entertainment Corp. earnings at a glance (GAAP) :
-Earnings (Q1): -$19.32 Mln. vs. -$50.67 Mln. last year.
-EPS (Q1): -$0.40 vs. -$1.00 last year.
-Revenue (Q1): $138.71 Mln vs. $142.21 Mln last year.
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