NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Thursday reported a loss of $38.8 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of $1.07.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.52 per share.
The company posted revenue of $313.6 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $307.5 million.
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