Carl Karcher Enterprises reported a 7.7% increase...

Carl Karcher Enterprises reported a 7.7% increase in net income for its third fiscal quarter ended Nov. 1, marking what company executives said could be a turnaround for the fast food restaurant operator. The company reported net income of $1.54 million for the quarter, compared with $1.43 million during the year-ago period. In the latest quarter, income was boosted by a $311,000 gain from tax benefits. Revenue fell 3% during the period, to $75 million, from $77 million a year earlier.