Madison Square Garden (MSG) Tops Q3 EPS by 10c; Pursuing Spin-Off of Sports and Entertainment Business

Madison Square Garden (NASDAQ: MSG) reported Q3 EPS of $0.51, $0.10 better than the analyst estimate of $0.41. Revenue for the quarter came in at $449.4 million versus the consensus estimate of $444.32 million.

Executive Chairman Jim Dolan said, "The Company's solid fiscal third quarter results reflect the continued strong demand from our customers and partners for our portfolio of media, sports and entertainment assets and brands. We remain focused on ensuring that the Company is well-positioned for long-term success and, with this in mind, are pursuing the spin-off of our sports and entertainment businesses from our media business. We believe this separation, which creates two distinct companies, will build on our ongoing commitment to create shareholder value."

For earnings history and earnings-related data on Madison Square Garden (MSG) click here.

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