Sonic Quarterly Results Top Street Estimates

Drive-in restaurant chain Sonic Corp. reported quarterly results late Tuesday that topped the Wall Street analyst consensus. The company reported adjusted fiscal second-quarter earnings of 13 cents a share on revenue of $126.2 million. Analysts surveyed by FactSet expected 12 cents a share on revenue of $124.8 million. Sonic also said it plans to by back $105 million in shares in fiscal 2015. Shares of Sonic rose 0.9% to $36.99 in after-hours activity.