Sonic Corp Reveals 5% Gain In Q1 Bottom Line

(RTTNews) - Sonic Corp (SONC) reported a profit for its first quarter that increased from last year.

The company said its bottom line came in at $11.83 million, or $0.30 per share. This was higher than $11.29 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.6% to $105.43 million. This was down from $129.55 million last year.

Sonic Corp earnings at a glance:

-Earnings (Q1): $11.83 Mln. vs. $11.29 Mln. last year. -Earnings Growth (Y-o-Y): 4.8% -EPS (Q1): $0.30 vs. $0.24 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.25 -Revenue (Q1): $105.43 Mln vs. $129.55 Mln last year. -Revenue Change (Y-o-Y): -18.6%