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Fonar posts 2Q profit

MELVILLE, N.Y. (AP) _ Fonar Corp. (FONR) on Monday reported fiscal second-quarter earnings of $3.9 million.

The Melville, New York-based company said it had net income of 61 cents per share. Earnings, adjusted for pretax expenses, came to 70 cents per share.

The MRI scanner designer posted revenue of $20.2 million in the period.

Fonar shares have dropped 4.5 percent since the beginning of the year. The stock has risen 20 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 FONR at https://www.zacks.com/ap/FONR