Sonic Corp Q3 adjusted earnings Beat Estimates

(RTTNews) - Sonic Corp (SONC) reported a profit for its third quarter that rose from the same period last year.

The company's earnings totaled $21.58 million, or $0.58 per share. This compares with $18.75 million, or $0.44 per share, in last year's third quarter.

Excluding items, Sonic Corp reported adjusted earnings of $19.59 million or $0.52 per share for the period.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.6% to $118.31 million from $123.99 million last year.

Sonic Corp earnings at a glance:

-Earnings (Q3): $19.59 Mln. vs. $18.33 Mln. last year. -EPS (Q3): $0.52 vs. $0.43 last year. -Analysts Estimate: $0.49 -Revenue (Q3): $118.31 Mln vs. $123.99 Mln last year.

-Guidance: Full year EPS guidance: $1.45 and $1.49