Investing.com - Madison Square (NYSE:SQ) 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 anticipated EPS of $-1.09 on revenue of $373.52M.
Madison Square Garden Entertainment shares are down 16.73% from the beginning of the year and are trading at $45.16 , down-from-52-week-high.
Madison Square Garden Entertainment shares gained 12.48% 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 October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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