Madison Square Garden Entertainment (MSGE) Reports Q1 Loss, Lags Revenue Estimates
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Madison Square Garden Entertainment (MSGE) reported a Q1 loss of $0.40 per share, which was better than the Zacks Consensus Estimate of a $0.78 loss. This is an improvement from the $0.73 loss per share reported a year ago.
November 08, 2024 | 2:45 pm
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Madison Square Garden Entertainment reported a Q1 loss of $0.40 per share, better than the expected $0.78 loss, showing improvement from last year's $0.73 loss.
MSGE's reported loss was smaller than expected, which is a positive indicator for investors. The improvement from last year's loss suggests potential operational improvements or cost management, likely leading to a positive short-term impact on the stock price.
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