Investing.com - Madison Square Garden Entertainment reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Madison Square Garden Entertainment announced earnings per share of $-1.30 on revenue of $401.2M. Analysts polled by Investing.com EPS of $-1.09 on revenue of $373.52M.
Madison Square Garden Entertainment 's are down 16.73% and is trading at $45.16 , still down 53.10% from its 52 week high of $85.60 set on Tuesday, November 9, 2021.
Madison Square Garden Entertainment shares gained 12.48% to trade at $45.16 in pre-market trade the report.
Madison Square Garden Entertainment follows other major Communication Services sector earnings this month
Madison Square Garden Entertainment's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, for EPS of $1.93 on revenue of $27.57B.
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