NEW YORK (AP) — NEW YORK (AP) — Ark Restaurants Corp. (ARKR) on Monday reported fiscal third-quarter profit of $640,000.
On a per-share basis, the New York-based company said it had net income of 18 cents. Earnings, adjusted for asset impairment costs, were 72 cents per share.
The restaurant and bar operator posted revenue of $50.4 million in the period.
Ark Restaurants shares have fallen 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.99, a drop of 33% in the last 12 months.
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