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Fonar posts 3Q profit

MELVILLE, N.Y. (AP) _ Fonar Corp. (FONR) on Wednesday reported fiscal third-quarter profit of $5.5 million.

On a per-share basis, the Melville, New York-based company said it had profit of 88 cents.

The MRI scanner designer posted revenue of $20 million in the period.

Fonar shares have increased 12 percent since the beginning of the year. The stock has risen 53 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


Keywords: Fonar, Earnings Report