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Sonic Corp. (SONC) Is Heading Lower After Q2 Revenues Miss

Sonic Corp. (SONC) reported second quarter EPS of $0.17 after the bell Tuesday, up from $0.15 a year ago. Analysts expected EPS of $0.16. Revenues fell to $88.10 million from $100.16 million last year. The consensus estimate was for revenues of $94.42 million. The stock is now down 1.31 on 34K shares.

Sonic posted gains in early trade Tuesday, but settled into a range for the bulk of the session. The stock finished up by 0.55 at $25.34.

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