NEW YORK (AP) — NEW YORK (AP) — Madison Square Garden Entertainment Corp. (MSGE) on Thursday reported a loss of $21.7 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of 46 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The live entertainment company posted revenue of $158.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $153 million.
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