Madison Square Garden Reports Q2 EPS Of $2.59 Higher Than $1.88 YoY, Sales $402.67M Is Higher Than $355.88M YoY
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (NYSE:MSGE) reported Q2 earnings of $2.59 per share, surpassing the analyst consensus of $1.91 by 35.6%, and a 37.77% increase from last year's $1.88. Sales reached $402.67M, beating estimates of $385.41M by 4.48%, and marking a 13.15% increase from the previous year's $355.88M.
February 07, 2024 | 12:39 pm
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Madison Square Garden reported a significant beat on both earnings and sales for Q2, with earnings per share at $2.59 and sales at $402.67M.
The substantial beat on both earnings per share and sales compared to analyst expectations and year-over-year growth indicates strong company performance and operational efficiency. This is likely to positively influence investor sentiment and could lead to a short-term uptick in MSGE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100