Jack In The Box: Fiscal 3Q Earnings Snapshot
SAN DIEGO (AP) _ Jack In The Box Inc. (JACK) on Wednesday reported fiscal third-quarter earnings of $45.3 million.
On a per-share basis, the San Diego-based company said it had net income of $1.60. Earnings, adjusted for one-time gains and costs, came to $1 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The burger chain posted revenue of $188 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $184.5 million.
Jack In The Box shares have dropped 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $85.85, a decline of 9.5 percent in the last 12 months.