Nathan's Famous Q2 Earnings Fall

(RTTNews) - Operator of a chain of fast food restaurants Nathan's Famous, Inc (NATH) Friday reported a drop in earnings for the second quarter of fiscal 2014 despite a 10.8 percent growth in revenue.

For the three months to September, earnings fell to $2.6 million, or $0.57 per share, from $2.8 million, or $0.62 per share, a year earlier.

Nathan's said it recognized an impairment charge of $400,000 related to a long-term investment.

The company reported revenue of $23.7 million for the current period, up from $21.4 million a year earlier.

Currently, the stock is trading at $53.42 on the Nasdaq.