Manchester United Earnings: Everything You Must Know Now
Manchester United (NYSE:MANU) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Manchester United Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were $-0.03 in the quarter.
Revenue: Rose 24.2% to $135.86 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Manchester United reported adjusted EPS loss of $0.03 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate.
Quoting Management: Ed Woodward, Executive Vice Chairman commented, “We are very proud of our results for fiscal 2013. It has been a little over a year since our IPO and in that time we have delivered on our targets and objectives. Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful. We won our 20th English League title last season and are delighted to have David Moyes lead our football team into a new and exciting chapter. We look forward to a successful 2013/14, both on and off the pitch.”
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)