Madison Square Garden Q3 2024 GAAP EPS $0.06 Beats $(0.12) Estimate, Sales $228.313M Miss $324.634M Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden (MSGE) reported Q3 2024 earnings of $0.06 per share, beating estimates of $(0.12), but sales of $228.313M missed estimates of $324.634M. Earnings decreased by 85.71% from the same period last year, while sales increased by 13.46%.
May 09, 2024 | 11:41 am
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MSGE's Q3 2024 earnings surpassed estimates with an EPS of $0.06, despite a significant sales miss and a decrease in earnings compared to last year.
While MSGE beat EPS estimates, the significant miss in sales and the decrease in earnings from the previous year could lead to mixed investor sentiment. The positive EPS surprise may support the stock price, but concerns over sales performance and declining earnings year-over-year could limit upside potential in the short term.
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