Jack in the Box Inc. (JACK) shares were down 1% in extended trading Wednesday after the fast-food chain reported first-quarter earnings that fell short of Wall Street estimates. Jack in the Box reported net income of $7.9 million, or 33 cents a share, in the quarter, compared with net income of $34.1 million, or $1.32 a share, in the year-ago first quarter. Revenue improved 5% to $307.7 million from $290.8 million a year ago. Analysts surveyed by FactSet had expected earnings of $1.39 a share on sales of $296.5 million. Jack in the Box shares are up 12.6% over the last 12 months. The S&P 500 index has gained 21.6% in the last year.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 19, 2020 16:17 ET (21:17 GMT)
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