Benzinga | Nov 2, 2020 08:25AM EST

Recap: MSG Networks Q1 Earnings



Shares of MSG Networks (NYSE:MSGN) rose 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 7.02% over the past year to $0.61, which missed the estimate of $0.64.

Revenue of $157,363,000 decreased by 2.25% from the same period last year, which missed the estimate of $157,740,000.

Looking Ahead

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

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

Details Of The Call

Date: Nov 02, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.msgnetworks.com%2F&eventid=2628062&sessionid=1&key=05288C9664387C7E7E34C298F150D81B&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $18.54

52-week low: $8.52

Price action over last quarter: down 19.02%

Company Overview

MSG Networks Inc is engaged in sports production, and content development and distribution. The company 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.