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Madison Square Garden Entertainment (NYSE:MSGE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

By Yahoo! Finance   |   1 year ago
Madison Square Garden Entertainment (NYSE:MSGE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Madison Square Garden Entertainment Corp. (NYSE:MSGE) disappointed investors despite strong profit numbers due to concerns over underlying factors. The accrual ratio, a key financial metric, revealed that the company's free cash flow fell short of covering its profit, impacted by an unusual tax situation.

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