Manchester United (NYSE:MANU) Issues Earnings Results, Misses Expectations By $0.10 EPS
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Manchester United (NYSE:MANU) reported a quarterly loss of $0.02 per share, missing the consensus estimate by $0.10. The company had a negative net margin of 4.92% and a negative return on equity of 9.58%. Revenue for the quarter was $181.54 million, below the expected $191.16 million. Despite the earnings miss, shares rose 2.6%. Institutional investors have been adjusting their positions, and the stock has a Hold rating with a consensus target price of $23.00.
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