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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPHR at https://www.zacks.com/ap/SPHR
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