🟢 Sphere Entertainment is trading 10% up today after earnings beat estimates

Sphere Entertainment is trading at $123.71 (+10.13%) at 11:45 a.m. ET on November 6, following November 5 earnings that beat estimates.

• Revenue was $274.3 million, above estimates; adjusted loss per share was $0.98 versus an expected $1.79 loss.
• Sphere segment revenue grew 14% year over year, and shares were reported up nearly 8% after the results.
• The $4.84 GAAP loss reflected a substantial impairment charge; the quarter’s adjusted result was materially better.