BUZZ-Madison Square Garden Sports falls after Q2 profit miss

Reuters

2025/02/05

** 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

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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