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.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
