VIDEO: Madison Square Garden Stock Rising on Excellent Earnings Results

The Madison Square Garden Company (NASDAQ:MSG) seeing gains after posting its fourth quarter and full-year earnings results. For the fourth quarter, the company saw EPS of 37 cents, much higher than the 11 cents per share last year. Revenue for the quarter also rose 42% to $332.9 million. Both earnings and revenue exceeded expectations.In growth terms, MSG’s net income almost tripled in the quarter, mostly due to changes in the NBA schedule and the continuing renovations that are enticing more sporting events to use the venue. For the full year, the company saw earnings per share of $1.38 on revenue of $1.28 billion. Both grew 34% and 8% respectively.MSG stock is up over 9% to $43.90 after the opening bell, above its all time high set yesterday.