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Ark Restaurants posts 4Q profit

NEW YORK (AP) _ Ark Restaurants Corp. (ARKR) on Wednesday reported fiscal fourth-quarter earnings of $1.3 million.

The New York-based company said it had net income of 37 cents per share.

The restaurant and bar operator posted revenue of $39.5 million in the period.

For the year, the company said profit was nearly unchanged at $4 million. Annual earnings per share dropped to $1.14 from $1.15. Revenue was reported as $153.9 million.

Ark Restaurants shares have increased 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26, a rise of 10 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