Madison Square Garden Sports Corp. (MSGS) released earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $1.11 million, or $0.05 per share. This compares with $14.22 million, or $0.59 per share, last year.
Analysts on average had expected the company to earn $0.30 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.4% to $357.76 million from $326.90 million last year.
Madison Square Garden Sports Corp. earnings at a glance (GAAP) :
-Earnings: $1.11 Mln. vs. $14.22 Mln. last year.
-EPS: $0.05 vs. $0.59 last year.
-Revenue: $357.76 Mln vs. $326.90 Mln last year.
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