Madison Square Garden Sports Corp. (MSGS) announced on Friday a net loss for the first quarter amounting to $7.54 million, or $0.31 per share, showing a significant reduction from the previous year's net loss of $18.82 million, or $0.79 per share.
According to data gathered by Thomson Reuters, the consensus among nine analysts was that the company would report a loss of $0.86 per share for this quarter. It's important to note that these analysts' projections generally do not take special items into account.
The company reported a 24% increase in total revenues for the quarter, rising to $53.31 million from $43.05 million in the same period last year. This exceeded analysts' expectations, which had anticipated revenues of $43.67 million for the quarter.
