Madison Square Garden, Inc. (MSG) Misses Q4 EPS by 7c, Revenue Beats
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The Madison Square Garden Company Reports Fourth Quarter and Fiscal 2014 Results
August 20, 2014 7:30 AM EDTNEW YORK, Aug. 20, 2014 (GLOBE NEWSWIRE) -- The Madison Square Garden Company (Nasdaq: MSG) today reported financial results for the fourth quarter and fiscal year ended June 30, 2014.
Fiscal 2014 revenues of approximately $1.56 billion grew 16%, as compared to the prior year, with increases in all three of the Company's business segments. Adjusted operating cash flow ("AOCF")(1) of $312.8 million decreased 12%, as compared to the prior year, primarily due to lower AOCF results in the MSG Sports segment and an increase in unallocated corporate expenses ("Other"). Operating income of $184.1 million decreased 27% and net income of $115.1 million ($1.47 per... More
