Sonic Corp. (SONC) reported second quarter adjusted EPS of $0.05 after the bell Monday, which matched the consensus estimate. Revenues dropped to $111.14 million from $115.78 million in the prior-year quarter, while the consensus revenue estimate was $112.72 million. The stock is now up 0.62 on 39K shares.
Sonic traded in a range for the majority of Monday's session and closed down by 0.12 at $11.73. The stock finished near the middle of a one-week range at the highs of the year.
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