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MSG Networks: Fiscal 2Q Earnings Snapshot

February 4, 2020 GMT

NEW YORK (AP) _ MSG Networks Inc. (MSGN) on Tuesday reported fiscal second-quarter net income of $40 million.

On a per-share basis, the New York-based company said it had profit of 66 cents. Earnings, adjusted for non-recurring costs, were 70 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 70 cents per share.

The media company posted revenue of $187.7 million in the period.

MSG Networks shares have dropped 11% since the beginning of the year.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSGN at https://www.zacks.com/ap/MSGN