NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Friday reported a loss of $47.2 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of $1.33.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The company posted revenue of $321.3 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $322.5 million.
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