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Manchester United Q1 Loss Slightly Narrows; Trims FY24 Revenue Outlook
(RTTNews) - Manchester United (MANU) announced Wednesday a first-quarter net loss of 25.8 British pounds or 15.79 pence per basic share, narrower than 26.5 pounds or 16.26 pence per basic share in the prior-year quarter.
Excluding items, adjusted loss per basic share for the quarter was 5.27 pence, compared to 6.08 pence in the year-ago quarter.
Total revenues for the quarter grew 9.3 percent to 157.1 pounds from 143.7 pounds in the same quarter last year.
Broadcasting revenue grew 12.3 percent to 39.3 pounds, commercial revenue improved 3.4 percent to 90.4 pounds and matchday revenue increased 28.6 percent to 27.4 pounds from last year.
Looking ahead to fiscal 2024, the company is now forecasting revenue in a range of 635 million pounds to 665 million pounds, down from the prior guidance of 650 million pounds to 680 million pounds.
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Manchester United Q3 Loss Sharply Widens, But Reiterates FY24 Revenue Outlook
Manchester United (MANU) announced Wednesday a third-quarter net loss of 71.4 million British pounds or 43.12 pence per basic share, sharply wider than 5.6 million pounds or 3.40 pence per basic share in the prior-year quarter.
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Manchester United Q2 Profit Soars; Reiterates FY24 Revenue Outlook
Manchester United (MANU) announced Tuesday a second-quarter net income of 20.4 million British pounds or 12.49 pence per basic share, sharply higher than 6.3 million pounds or 3.87 pence per basic share in the prior-year quarter.
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Manchester United, TeamViewer To Terminate Shirt Sponsor Agreement
Manchester United and its front shirt sponsor TeamViewer agreed to terminate their partnership following a mutual agreement.
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Lower Open Called For Thai Stock Market
The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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Japanese Market Significantly Lower
The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.
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Indonesia Bourse May Hand Back Monday's Gains
The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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Hong Kong Shares May Be Stuck In Neutral On Tuesday
The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday.
The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.
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Australian Market Modestly Lower
The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.
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