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Fonar posts 1Q profit

MELVILLE, N.Y. (AP) _ Fonar Corp. (FONR) on Thursday reported fiscal first-quarter earnings of $3.5 million.

The Melville, New York-based company said it had net income of 54 cents per share.

The MRI scanner designer posted revenue of $19.3 million in the period.

Fonar shares have risen 70 percent since the beginning of the year. The stock has more than doubled 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 FONR at https://www.zacks.com/ap/FONR