MANU News

Although, most of the stocks in the leisure space are down sharply, we have identified few stocks that have potential to overcome the coronavirus crisis.

Madison Square Garden has spun off from the teams that play there. That has created two enticing stocks.

Anyone researching Manchester United plc (NYSE:MANU) might want to consider the historical volatility of the share...

Manchester United (MANU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Manchester United (MANU) delivered earnings and revenue surprises of -700.00% and -9.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Coronavirus is taking an enormous toll on the global cruise industry with port lockdowns and international travel restrictions. However, there are certain companies, which are challenging this downtrend.

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

REGN, MAR, CWH, TRWH and MANU as Zacks Bull and Bear of the Day

Manchester United (NYSE: MANU; the "Company" and the "Group") – one of the most popular and successful sports teams in the world - today announced financial results for the 2020 fiscal third quarter ended 31 March 2020.

Manchester United swung to a quarterly loss as its broadcasting revenue fell by more than half, pointing to the devastating impact of coronavirus on football clubs. As one of the few major listed football clubs, Manchester United’s earnings offer a glimpse into how the world’s most popular sport is dealing with the huge disruption to fixtures caused by the pandemic. This week, clubs in the English Premier League resumed training in the hope of restarting matches in June.

With no Premier League soccer taking place in England since early March, Manchester United has given its own annual financial targets the red card and reported a second consecutive drop in quarterly core earnings and revenue. Major soccer leagues across the world were brought to an unexpected halt on fears mass gatherings could spur contagion. The impact has now spread from the stadium to the balance sheet. "Operationally, the impact of the pandemic and measures to prevent further spread continue to disrupt businesses in a number of ways, most significantly in broadcasting and match day operations," the company said in a statement. Broadcasting revenue more than halved in the third quarter ended March 31, while matchday revenue fell 8%. As a result, total revenue slid 19% to $151.3 million, while core profit tumbled 32% to just over $34 million. Manchester United haven't won the Premier League since 2013. The club had been looking for a return to better days on the pitch, by qualifying for next season’s Champions League. Now it remains uncertain how or when the season will be concluded. This week saw a return to training for players in small groups in England’s top division, but games aren’t expected to start for another month.

Q3 2020 Manchester United PLC Earnings Call

HC2 Holdings, Inc. (“HC2” or the “Company”) (HCHC), a diversified holding company, and MG Capital Management, Ltd. (together with Percy Rockdale LLC and Rio Royal LLC, “MG Capital”) today announced a settlement agreement to reconstitute the Board of Directors (the “Board”). The agreement provides for the immediate appointment of four new members – Kenneth S. Courtis, Avram A. “Avie” Glazer, Michael Gorzynski and Shelly C. Lombard – who will also stand for election on HC2’s seven-member slate at the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) to be held on Wednesday, July 8, 2020.

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Despite the shutdown of stores, Planet Fitness, Inc. (PLNT) members have the option for in-home workouts.

Manchester United plc (NYSE: MANU), one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth, today announced that it will report results for the third quarter fiscal 2020 period ended 31 March 2020 on Thursday, 21 May, 2020, at approximately 7:00 AM EDT, followed by a conference call at 8:00AM EDT to discuss the results.

Carnival (CCL) focuses on layoffs along with reduced work hours and salary reduction to boost liquidity amid the coronavirus outbreak.

A corresponding press release containing our financial results was issued earlier this morning and can be accessed on our IR website. Before we begin, and as a matter of formality, we would like to remind everyone that this conference call will include estimates and forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements.