Manchester United Stock Sinks 8% Despite Narrower Loss And Higher Revenue In Q4

Manchester United plc (MANU) fell 7.58 percent to 1.24, after reporting a fourth-quarter net loss of 3.9 million pounds or 2.26 pence per share, compared with a loss of 36.3 million pounds or 21.44 pence a year earlier. Revenue rose 15.4 percent to 164.1 million pounds, supported by strong growth in commercial, broadcasting, and matchday revenue. The stock opened at 14.59 and 16.41 on the New York Stock Exchange.T ...