Jack In The Box: Fiscal 1Q Earnings Snapshot
SAN DIEGO (AP) _ Jack In The Box Inc. (JACK) on Wednesday reported fiscal first-quarter net income of $34.1 million.
The San Diego-based company said it had profit of $1.31 per share. Earnings, adjusted for one-time gains and costs, were $1.35 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The burger chain posted revenue of $290.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $285.4 million.
Jack In The Box shares have increased almost 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $78.86, a fall of 11 percent in the last 12 months.