NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Tuesday reported a loss of $101.2 million in its third quarter.
The New York-based company said it had a loss of $2.80 per share. Losses, adjusted for asset impairment costs, came to $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.62 per share.
The company posted revenue of $262.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $259.3 million.
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