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The Madison Square Garden Co.: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ The Madison Square Garden Co. (MSG) on Friday reported fiscal second-quarter net income of $81.6 million.

The New York-based company said it had net income of $3.42 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.

The sports team and entertainment company posted revenue of $632.2 million in the period.

The Madison Square Garden Co. shares have risen roughly 4 percent since the beginning of the year. The stock has increased 29 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