Jack in the Box Shares Lose Their Bounce Following Second-Quarter Earnings Miss
West-coast based fast-food restaurant chain Jack in the Box (NASDAQ: JACK) reported its fiscal second-quarter results yesterday, beating analyst forecasts on revenue but missing by a considerable amount on earnings per share (EPS). Investors reacted to the earnings miss by bidding the company's shares down in after-hours trading, a trend that has continued into this morning.
Analyst consensus estimates, as supplied by Zacks, put Jack in the Box's quarterly EPS at $0.68 and revenue at $212.1 million. In fact, the company delivered $0.50 EPS, $0.18 below expectations. Its revenue beat by $4.1 million, coming in at $216.2 million.
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Source Fool.com
