Sonic Corp. (SONC) reported first quarter net income of $0.10 per share after the bell Tuesday, down slightly from the $0.12 per share in the prior year period. The consensus estimate was for EPS of $0.13. Revenues fell to $136.50 million, from $184.07 million last year. The stock is now down 0.94 on 30K shares.
Sonic Corp. traded in a range for the bulk of Tuesday's session and closed down by 0.04 at $10.25. The stock finished near the lower end of a 3-week range.
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