Man Utd scores on outlook upgrade, shares kick off higher
BUZZ-Man Utd scores on outlook upgrade, shares kick off higher ** U.S.-listed shares of Manchester United MANU.N rise 4.9% premarket after co raised its annual revenue and core profit forecast
** MANU boosts its annual outlook after it secured a third-place finish in the English Premier League, which guarantees a spot in next season's Champions League and higher broadcast revenue
** Now expects annual revenue of 655 million pounds to 665 million pounds vs prior outlook of 640 million pounds to 660 million pounds; sees adjusted core profit between 200 million pounds to 210 million pounds, from earlier view of 180 million pounds to 200 million pounds
** Despite upbeat forecast, MANU reported a wider net loss in Q3, hurt by falling sponsorship revenue and weaker ticket sales
** Stock has jumped ~24% YTD, outperforming the S&P 500's .SPX ~10% rise
($1 = 0.7437 pounds)
(Reporting by Rashika Singh in Bengaluru)
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