Sonic Corp.'s stock slid Wednesday after the nation's biggest drive-in restaurant chain reported a second-quarter loss and declining sales. Sonic trades on the “NASDAQ” under the stock symbol “SONC”. For More information regarding the "SONC", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Sonic Corp.'s (NASDAQ:SONC) stock slid Wednesday after the nation's biggest drive-in restaurant chain reported a second-quarter loss and declining sales.
Late Tuesday the company based in Oklahoma City posted a loss of a penny per share on revenue of $112.8 million.
Shares of Sonic slid 91 cents, or 8.1 percent, to $10.28 in afternoon trading. Over the last year, the stock has traded between $8.07 and $12.63.
About Sonic Corp:
Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of January 29, 2010, the company operated approximately 3,500 Sonic Drive-Ins coast to coast in 42 states. It also leases signs and real estate, as well as owns a minority interest in various franchise drive-ins. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma
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