Sphere Entertainment Shares Rise In Morning Trade

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Shares of Sphere Entertainment Co. (SPHR) are climbing more than 8% Tuesday morning at $39.76.

The company reported net income of $536.8 million or $15.24 per share for the fourth quarter, compared with a loss of $99.94 million or $3.00 per share in the same quarter a year ago, primarily due to other income of $542.84 million in the latest quarter compared with expense of $956000 last year.

Revenue for the quarter declined to $129.1 million from $139.75 million last year.

SPHR has traded in the range of $18.00 – $43.93 in the last 52 weeks.

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