MANU - Why Manchester United Shares Are Taking A Hit Today | Benzinga
Manchester United Ltd. (NYSE:MANU) shares are trading lower after the company reported its first-quarter results and reduced its fiscal 2024 guidance.
Manchester United reported first-quarter adjusted EPS of $(0.067) loss, missing the analyst consensus of $(0.06) loss.
The company reported quarterly sales of $198.879 million, beating the consensus of $194.85 million.
The company attributed its higher revenue to Matchday and Commercial revenue. Broadcasting revenue surged 12.3% over the prior-year quarter, primarily due to men’s first team participating in the UEFA Champions League compared to the ...