Madison Square Garden Q4 Profit Rises - Quick Facts

(RTTNews) - The Madison Square Garden Company (MSG) reported that its fourth-quarter net income increased to $36.42 million or $0.47 per share, from $28.56 million or $0.37 per share, last year.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $336.36 million, from $332.92 million last year. Revenues grew 1% primarily due to an increase in revenues in the MSG Media and MSG Sports segments, mostly offset by a decrease in revenues in the MSG Entertainment segment. Analysts expected revenue of $324.18 million for the quarter.