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Ark Restaurants posts 1Q profit

NEW YORK (AP) _ Ark Restaurants Corp. (ARKR) on Monday reported fiscal first-quarter profit of $1.6 million.

On a per-share basis, the New York-based company said it had net income of 46 cents. Earnings, adjusted for pretax gains, were 12 cents per share.

The restaurant and bar operator posted revenue of $39.4 million in the period.

Ark Restaurants shares have fallen roughly 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.75, a rise of 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARKR at https://www.zacks.com/ap/ARKR