NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Tuesday reported a loss of $105.3 million in its fiscal first quarter.
On a per-share basis, the New York-based company said it had a loss of $2.95.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $3.32 per share.
The company posted revenue of $227.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $260 million.
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