Madison Square Garden: Fiscal Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — The Madison Square Garden Co. (MSGS) on Thursday reported fiscal fourth-quarter net income of $28.3 million.

On a per-share basis, the New York-based company said it had profit of $1.16. Earnings, adjusted for restructuring costs, came to $1.19 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The sports team and entertainment company posted revenue of $278.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $243.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSGS at https://www.zacks.com/ap/MSGS