NEW YORK (AP) — NEW YORK (AP) — The Madison Square Garden Co. (MSGS) on Tuesday reported a loss of $1.8 million in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 7 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The sports team and entertainment company posted revenue of $204 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $165.7 million.
For the year, the company reported a loss of $22.4 million, or 93 cents per share. Revenue was reported as $1.04 billion.
_____
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
/AI%20(artificial%20intelligence)/Businessman%20touching%20the%20brain%20working%20of%20Artificial%20Intelligence%20(AI)%20Automation%20by%20Suttiphong%20Chandaeng%20via%20Shutterstock.jpg)
/Nvidia%20logo%20by%20Konstantin%20Savusia%20via%20Shutterstock.jpg)
/An%20image%20of%20a%20Tesla%20humanoid%20robot%20in%20front%20of%20the%20company%20logo%20Around%20the%20World%20Photos%20via%20Shutterstock.jpg)
