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JVTSF - Booting Manchester United On Margin Pressure Tough Season
Juventus Football Club SpA
At first glance, sports powerhouse Manchester United (MANU) seems to have had a rough quarter.
The company released its fiscal 1Q19 earnings report on Nov. 15. Revenues of £135 million represented a sharp 6% drop YOY, failing to meet consensus estimates by about £9 million. Adjusted earnings of £0.04/share, 11% lower YOY, could have been worse if not for a £5 million (about £0.03/share) benefit from a gain on intangible disposition related to the sales of players Daley Blind and Sam Johnstone.