NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Thursday reported a loss of $82 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of $2.27.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.48 per share.
The company posted revenue of $280.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $277.1 million.
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