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Fonar: Fiscal 1Q Earnings Snapshot

MELVILLE, N.Y. (AP) _ Fonar Corp. (FONR) on Thursday reported fiscal first-quarter net income of $3.1 million.

The Melville, New York-based company said it had net income of 48 cents per share.

The MRI scanner designer posted revenue of $20.7 million in the period.

Fonar shares have climbed nearly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.24, a decline of 23 percent in the last 12 months.

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