Nathan's Famous swings back to profit
Nathan's shares were up more than 5 percent to $71.12 in Friday morning trading. Credit: Newsday/Yana Paskova
Nathan's Famous Inc. on Friday reported fiscal third-quarter net income of $9.7 million, after reporting a loss in the same period a year earlier.
The Jericho company said it had profit of $2.30 per share. Earnings, adjusted for nonrecurring gains, were 44 cents per share.
The hot dog chain posted revenue of $20.2 million in the period.
Nathan's shares were up more than 5 percent to $71.12 in morning trading. The stock was trading at $71.55 12 months ago; it briefly traded over $100 during July.
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