Shares of Sonic Corp. skidded in Tuesday’s extended session after the drive-in restaurant issued weak preliminary results for the quarter ended Aug. 31. Sonic reported fourth-quarter earnings per share of 51 cents to 53 cents. On an adjusted basis, Sonic expects EPS of 43 cents to 45 cents versus 47 cents forecast by analysts in a FactSet survey. The restaurant chain also projected same-store sales to decline about 2%. The company is scheduled to release its quarterly earnings on Oct. 24. Shares of Sonic slumped 6.4% after hours.
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