Wednesday, June 20, 2007

UPDATE 1-Sonic 3rd-quarter net profit falls

(Reuters) - Third-quarter net income was $20.6 million, compared with
$23.8 million a year earlier. On a per-share basis, earnings
rose to 31 cents from 27 cents as Sonic had lesser number of
outstanding shares for the quarter ended May 31, 2007.




Sonic, which operates more than 3,200 drive-ins in the
United States and Mexico, said revenue rose 13 percent to
$209.9 million.


Read more at Reuters.com Market News

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