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Manchester United Swings to Fiscal Q2 Adjusted Earnings as Revenue Increases; Fiscal 2024 Revenue Guidance Affirmed
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Manchester United Swings to Fiscal Q2 Adjusted Earnings as Revenue Increases; Fiscal 2024 Revenue Guidance Affirmed
Mar 12, 2024 4:55 AM

07:31 AM EDT, 03/12/2024 (MT Newswires) -- Manchester United ( MANU ) reported fiscal Q2 adjusted earnings Tuesday of about 0.12 British pounds ($0.15) per diluted share, swinging from a loss of 0.06 pounds a year earlier.

A single analyst polled by Capital IQ expected a loss of 0.14 pounds.

Revenue for the quarter ended Dec. 31 was 225.8 million pounds, up from 167.3 million a year earlier.

One analyst surveyed by Capital IQ expected 173 million.

The soccer club company said it continues to expect fiscal 2024 revenue of 635 million pounds to 665 million pounds. Two analysts polled by Capital IQ expect 646.7 million pounds.

Adjusted earnings before interest, taxes, depreciation, and amortization for the fiscal year are still expected between 125 million pounds and 150 million pounds.

Shares of Manchester United ( MANU ) were up more than 4% in recent Tuesday premarket activity.

Price: 14.8, Change: +0.6, Percent Change: +4.23

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