India, Aug. 13 -- Madison Square Garden Sports Corp. (MSGS), a professional sports company, on Thursday reported a profit for the fourth quarter, compared with a loss a year earlier, driven mainly by higher revenue. The company's shares were up about 3% in pre-market trading.
Net income was $28.29 million or $1.16 per share, compared with a loss of $1.78 million or $0.07 per share a year ago.
Operating income was $32.2 million, compared with an operating loss of $22.6 million, while adjusted operating income was $39.6 million, compared with an adjusted operating loss of $16.8 million in the prior-year quarter.
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Revenue increased 37% to $278.75 million fr...