Why Shares of The Madison Square Garden Company Rose 13% in February [The Motley Fool]
MADISON SQUARE GARDEN CO NEW (MSG)
Last madison square garden co new earnings: 2/7 07:00 am
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Source: The Motley Fool
An activist investor helped drive shares of the parent company of the world's most famous arena higher last month. Jeremy Bowman ( TMFHobo ) Mar 6, 2018 at 12:50PM What happened Shares of The Madison Square Garden Company ( NYSE:MSG ) moved higher last month as the sports and entertainment company posted a solid second-quarter earnings report and as activist investor Silver Lake took a stake in it toward the end of the month. According to data from S&P Global Market Intelligence , the stock jumped 13% last month. As the chart below shows, MSG's gains came almost entirely in the second half of the month. MSG data by YCharts . So what The company named for the arena that hosts the NBA's Knicks and the NHL's Rangers said revenue in its second quarter jumped 20% to $536.3 million, which easily beat estimates of $523 million. Reven
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