BUZZ-Madison Square Garden Sports falls after Q2 profit miss
ReutersFeb 4, 2025 5:22 PM
Shares of New York Knicks owner Madison Square Garden Sports Corp MSGS.N down as much as 4.1% to a nearly five-month low of $209.21
Company posted Q2 profit that missed Wall Street estimates, hurt by an increase in team personnel compensation, operating lease costs and professional fees
Reports Q2 EPS that declined ~92% to 5 cents vs. estimates of 26 cents- data compiled by LSEG
Posts quarterly revenues of $357.8 million compared to estimates of $352.7 million
MSGS rose ~24% in 2024
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