Recap: MSG Networks Q4 Earnings

Shares of MSG Networks MSGN rose 1.7% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 79.63% over the past year to $0.97, which beat the estimate of $0.65.

Revenue of $152,114,000 decreased by 9.65% from the same period last year, which missed the estimate of $161,870,000.

Outlook

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

MSG Networks hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 13, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.msgnetworks.com%2Fevents%2Fdefault.aspx&eventid=2396296&sessionid=1&key=D3923EB790E276F55F4FFE7EC0A74492&regTag=&sourcepage=register

Price Action

52-week high: $18.76

52-week low: $8.52

Price action over last quarter: down 7.17%

Company Overview

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.