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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.

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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

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Keywords: Fonar, Earnings Report