Madison Square Garden Sports Corp. (MSGS), a sports holding company, Friday announced net loss for the first quarter compared with profit in the previous year.
For the first quarter, net loss came in at $14.23 million compared with net income of $37.88 million in the previous year's quarter.
Loss per share for the quarter was $0.59, while it was earnings per share of $1.58 in the previous year.
Five Analysts, on average, had expected the company to report loss of $0.25 per share. Analysts' estimates typically exclude special items.
Interest income increased to $1.05 million from $477 million in the prior year.
Revenue decreased to $424.20 million from $429.95 million last year.
In the pre-market trading, Madison Square is 2.98% lesser at $ on the Nasdaq.
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