Madison Square Garden Sports (MSGS) reported a fiscal Q3 loss of $0.59 per diluted share on Friday, compared to earnings of $1.57 a year earlier.
Analysts polled by FactSet expected GAAP earnings of $1.40 per share.
Revenue for the quarter ended March 31 was $424.2 million, down from $430 million a year earlier. Analysts surveyed by FactSet expected $425.5 million.
Madison Square Garden Sports shares were down 4% in premarket trading
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.