Madison Square Garden Raises FY2024 Sales Guidance from $930M-$950M to $940.00M-950.00M Vs. $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden Entertainment Corp. (MSGE) has updated its FY2024 financial guidance, indicating positive momentum across its operations. The company has raised its revenue forecast to $940M-$950M from the previous range of $930M-$950M and increased its operating income guidance to $100M-$110M from $95M-$105M. Additionally, adjusted operating income is now expected to be between $200M-$210M, up from $195M-$205M, including about $25M in non-cash operating lease revenue from its Arena License Agreements with MSG Sports.
May 09, 2024 | 11:43 am
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Madison Square Garden Entertainment Corp. (MSGE) raises FY2024 revenue and income forecasts, showing strong operational performance.
The upward revision in MSGE's financial guidance for FY2024, including higher revenue and income forecasts, is a positive signal for investors, indicating strong operational momentum and potential for stock appreciation in the short term.
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