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Update: Manchester United's Shares Fall as Fiscal Q4 Adjusted Loss Widens, Revenue Drops
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Update: Manchester United's Shares Fall as Fiscal Q4 Adjusted Loss Widens, Revenue Drops
Sep 11, 2024 11:39 AM

01:57 PM EDT, 09/11/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.)

Manchester United's ( MANU ) shares fell 5.8% in Wednesday afternoon trading after the company reported a fiscal Q4 adjusted loss of 15.79 pence ($0.21) a share, wider than the loss of 6.18 pence a year earlier.

One analyst polled by Capital IQ expected a loss of 17 pence.

Revenue in the quarter ended June 30 fell to 142.2 million pounds from 167.3 million pounds a year earlier.

One analyst surveyed by Capital IQ expected 140 million pounds.

The company expects fiscal 2025 revenue of 650 million to 670 million pounds. Three analysts polled by Capital IQ expect 730.4 million pounds.

Price: 15.44, Change: -0.95, Percent Change: -5.82

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