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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.

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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