Sonic Has Some Catching Up to Do
Despite the market's sour mood on Thursday, there were some positive developments for a few names that I own or follow. Yes, there actually was some green on my screen yesterday, amid the sea of red.
Fast-food name Sonic (SONC) reported a better-than-expected quarter after the close on Wednesday, beating the earnings consensus of $0.22 a share by $0.02. Shares were up 3% on Thursday. Revenue fell for the quarter, but that was because the company refranchised 35 stores....340 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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