MSG Networks Inc. (MSGN) Misses Q1 EPS by 3c

MSG Networks Inc. (NYSE: MSGN) reported Q1 EPS of $0.57, $0.03 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $161 million versus the consensus estimate of $160.61 million.

President and CEO Andrea Greenberg said, "While the media landscape is clearly evolving, we believe our exclusive live sports content continues to be very valuable to the distributors, advertisers and viewers we serve. Our recent repurchase of a significant number of our outstanding shares demonstrates not only our opportunistic approach to utilizing our substantial free cash flow to create value for shareholders but also the confidence we have in our long-term outlook."

For earnings history and earnings-related data on MSG Networks Inc. (MSGN) click here.

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