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Jack In The Box, Inc. (NASDAQ:JACK) shares rocketed higher after the company released its fourth-quarter earnings report after Wednesday's closing bell, missing the analyst earnings estimate.
Here's a look at the details in the report.
The Details: Jack In The Box reported quarterly earnings of 30 cents per share, which missed the analyst estimate of 45 cents.
Quarterly revenue came in at $326.19 million, which beat the analyst estimate of $319.65 million, but was down from revenue of $349.29 million from the same period last year.
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Jack In The Box reported the following data for the fourth quarter:
“While performance in the fourth quarter did not meet our expectations, we remain focused on restoring positive momentum for the Jack in the Box brand,” said Lance Tucker, Jack in the Box CEO.
JACK Stock Price: According to data from Benzinga Pro, Jack In The Box stock was down 4.17% at $13.78 in Wednesday's extended trading.
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Posted In: JACK