Zacks Investment Research | Feb 09, 2020 09:29PM ET
The Madison Square (NYSE:SQ) Garden Company (NYSE:MSG) reported mixed second-quarter fiscal 2020 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. Following the release, the company’s shares dropped 1.6% on Feb 7.
The company reported adjusted earnings of $3.93 per share, which beat the Zacks Consensus Estimate of $2.41 by 63.1%. Also, the figure increased from the year-ago quarter’s earnings of $3.42 by 14.9%.
Revenues during the quarter totaled $628.8 million, which missed the consensus mark of $640 million by 1.7%. Also, the top line dropped 0.5% year over year. The decline was primarily caused by dismal performance in the Entertainment segment
The Madison Square Garden Company Price, Consensus and EPS Surprise
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