Madison Square Garden Q4 Profit Drops - Quick Facts

(RTTNews) - Madison Square Garden Co.'s (MSG) fourth-quarter net income fell to $11.64 million, or $0.15 per share, from $36.42 million, or $0.47 per share, last year. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Driven by the growth in revenues in the MSG Entertainment and MSG Sports segments, quarterly revenues of $371.7 million grew 10% from the prior-year quarter's $336.4 million, while 9 analysts estimated $348.78 million in revenues.