Madison Square Garden Co. Reports Q2 Earnings Miss

NEW YORK (AP) - Madison Square Garden Co. (MSGS) posted second-quarter net income of $1.1 million on Tuesday. The New York-based company reported earnings per share of 5 cents, falling short of Wall Street analysts' consensus estimate of 25 cents.

Despite the earnings shortfall, MSGS reported revenue of $357.8 million, surpassing analyst expectations of $350.5 million.