NewzNEW YORK (AP) — NEW YORK (AP) — Madison Square Garden Entertainment Corp. (MSGE) on Wednesday reported a loss of $10 million in its fiscal fourth quarter. The New York-based company said it had a loss of 21 cents per share.
Losses, adjusted for restructuring costs and asset impairment costs, came to 13 cents per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The live entertainment company posted revenue of $196.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $166.8 million. For the year, the company reported profit of $66.2 million, or $1.38 per share.
Revenue was reported as $1.06 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSGE at https://www.zacks.com/ap/MSGE Source
WARMLEY BRISTOL, Britain (AP) — WARMLEY BRISTOL, Britain (AP) — Amcor plc (AMCR) on Wednesday reported fiscal fourth-quarter net income of $389 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Warmley Bristol, Britain-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share. The packaging company posted revenue of $6.4 billion in the period, also surpassing Street forecasts.
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