UPDATE: Sonic Q1 Profit Rises 12%
Sonic (NASDAQ: 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.
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