NEW YORK (AP) — NEW YORK (AP) — Sphere Entertainment Co. (SPHR) on Monday reported second-quarter profit of $151.8 million.
On a per-share basis, the New York-based company said it had net income of $3.39. Losses, adjusted to extinguish debt, came to $2.71 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.57 per share.
The company posted revenue of $282.7 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $281.2 million.
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