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.
Sonic Corp. gapped open higher Tuesday and is now up 0.97 at $12.70 on above average volume. The stock has broken out to a new high for the year.
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