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Drmicrocap

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Drmicrocap

Re: None

Tuesday, 01/07/2014 1:55:36 AM

Tuesday, January 07, 2014 1:55:36 AM

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Shares of Sonic (SONC) have jumped in after-hours trading after the restaurant chain announced earnings that met analyst forecasts.


European Pressphoto Agency
Sonic reported earnings of 14 cents a share–13 cents, not including a “favorable tax ruling”–up from 11 cents a year ago, and in-line with forecasts for 13 cents. The company also predicted earnings growth of 14% to 15% in 2014, which would be roughly in line with forecasts. Same-story sales rose 2.2% and Sonic said it would buy back stock in 2014.
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