UPDATE: Sonic Q1 Profit Rises 12%

Sonic SONC reported a 12% rise in its fiscal first-quarter profit. Sonic's quarterly earnings climbed to $6.1 million, or $0.11 per share, from $5.5 million, or $0.09 per share, in the year-ago quarter. Its total revenue fell to $126 million from $128.3 million. Sonic shares dropped 4.66% to $10.24 in the after-hours trading session.