Recap: MSG Networks Q3 Earnings

Shares of MSG Networks MSGN were unchanged in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 6.94% year over year to $0.77, which missed the estimate of $0.78.

Revenue of $184,972,000 lower by 5.19% from the same period last year, which missed the estimate of $191,830,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: May 01, 2020

Time: 02:03 PM ET

Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.msgnetworks.com%2Foverview%2Fdefault.aspx&eventid=2321628&sessionid=1&key=B2A38B9DC879AD539EB7E560E6CB54C2&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $23.76

Company's 52-week low was at $8.52

Price action over last quarter: down 30.40%

Company Profile

MSG Networks Inc is engaged in sports production, and content development and distribution. It owns and operates two regional sports and entertainment networks, MSG Network and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania. The company generates revenues from affiliate fees charged to distributors for the right to carry its programming networks, as well as from the sale of advertising.