The Yahoo Finance Live team discusses the surge in Madison Square Garden Entertainment stock after the company's Q3 earnings report, its first earnings report as a standalone company, and the company's revenue.
- There's another stock soaring, and that would be shares of Madison Square Garden Entertainment, up nearly 20% at the moment in today's trading session. This after posting its latest quarterly results. It marks the first quarter that MSG Entertainment is reporting as a standalone company after its spinoff from Sphere Entertainment. The company said revenue rose to $201.2 million. Operating income jumped 13% to $24.7 million. Earnings improved again to $0.42 a share. That was off swinging back from a loss of $0.08 a share last year. So you're seeing that stock solidly on the plus side.