THE COLONY, Texas (AP) _ Rave Restaurant Group Inc. (RAVE) on Thursday reported fiscal third-quarter net income of $416,000, after reporting a loss in the same period a year earlier.

The The Colony, Texas-based company said it had net income of 2 cents per share.

The pizza chain operator posted revenue of $2.2 million in the period.

The company’s shares closed at $1.27. A year ago, they were trading at 82 cents.

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