Why Manchester United (MANU) Stock Is Higher This Morning

NEW YORK (TheStreet) -- Shares of Manchester United Plc  (MANU) are up 2.17% to $16.97 following the release of the British soccer club's third quarter 2014 fiscal results ended March 31.

The company reported a profit of GBP10.9 million, up from GBP3.6 million a year ago, as per-share earnings were up to GBP6.66 from GBP2.22.

Revenue jumped 26% to GBP115.5 million.

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Analysts polled by Thomson Reuters predicted per-share earnings of GBP5 on revenue of GBP111 million.

Manchester United maintained its 2014 fiscal revenues and earnings outlook.

TheStreet Ratings team rates MANCHESTER UNITED PLC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate MANCHESTER UNITED PLC (MANU) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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