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MSG Networks: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ MSG Networks Inc. (MSGN) on Wednesday reported fiscal fourth-quarter profit of $45.2 million.

The New York-based company said it had net income of 60 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The media company posted revenue of $171.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $165.4 million.

MSG Networks shares have risen 14 percent since the beginning of the year.


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