Sonic Q3 Profit Tops View - Quick Facts

(RTTNews) - Sonic Corp. (SONC) Monday reported third-quarter net income of $16.8 million or $0.30 per share, compared to $14.8 million or $0.26 per share in the comparable quarter last year. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $152.19 million from $146.63 million last year, while 13 analysts expected revenues of $149.60 million.

Looking ahead to the fourth quarter, the company expects positive same-store sales in the low single digit range for the system.