India, Nov. 5 -- Sphere Entertainment Co. (SPHR) is up 6.50 percent, gaining $7.07 to $115.92 on Thursday. The stock is rising despite the company's third-quarter results showing its net loss widening to $176.0 million, or $4.84 per share, from $125.7 million, or $3.47 per share, a year earlier. Revenue increased 4.5 percent to $274.26 million from $262.51 million. However, the company recorded higher impairment and other losses, which rose to $177.55 million from $98.84 million.
The stock is currently trading at $115.92, compared with the previous close of $108.85 on the New York Stock Exchange. It opened at $105.00 and recorded a day's range of $104.56 to $118.39. Trading volume stands at approximately 474,531 shares, below the average v...