Sonic Corp Q2 Income Falls 27%

(RTTNews) - Sonic Corp (SONC) released a profit for second quarter that fell from last year.

The company said its earnings totaled $6.62 million, or $0.15 per share. This was down from $9.02 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 24.8% to $100.16 million. This was down from $133.16 million last year.

Sonic Corp earnings at a glance:

-Earnings (Q2): $6.62 Mln. vs. $9.02 Mln. last year. -Earnings Decline (Y-o-Y): -26.6% -EPS (Q2): $0.15 vs. $0.18 last year. -EPS Decline (Y-o-Y): -16.7% -Analysts Estimate: $0.14 -Revenue (Q2): $100.16 Mln vs. $133.16 Mln last year. -Revenue Change (Y-o-Y): -24.8%