Madison Square Garden (MSG) Tops Q2 EPS by 70c
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The Madison Square Garden Company Reports Fiscal 2019 Second Quarter Results
February 1, 2019 7:30 AM ESTNEW YORK, Feb. 01, 2019 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (NYSE: MSG) today reported financial results for the second quarter ended December 31, 2018.
Effective July 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (ASC Topic 606), the new accounting standard for revenue recognition. The most significant impact of ASC Topic 606 in fiscal 2019 is a change in the timing of when certain Company revenue streams and professional sports team-related fulfillment expenses are recognized during the fiscal year. Prior period results have not been restated to reflect the... More

