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The Madison Square Garden Co.: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ The Madison Square Garden Co. (MSG) on Wednesday reported fiscal third-quarter net income of $9.1 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 38 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The sports team and entertainment company posted revenue of $459.6 million in the period.

The Madison Square Garden Co. shares have increased 13 percent since the beginning of the year. The stock has risen 18 percent in the last 12 months.


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