SOURCE SONIC Drive-In
Sonic (SONC) reported lower-than-expected revenue for the fiscal 2016 fourth quarter and full year late Monday.
A bad quarter may only strengthen the activist's hand.
AT&T agrees to buy Time Warner; Rockwell Collins reaches deal to buy B/E Aerospace; U.S. stock futures rise amid the M&A activity.
For the week of October 24, investors await quarterly results from a slew of major companies, including Apple, along with the first estimate of third quarter GDP.