Jack In The Box Inc. (JACK) announced a profit for second quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $24.980 million, or $1.26 per share. This compares with $26.507 million, or $1.27 per share, in last year's second quarter.
Excluding items, Jack In The Box Inc. reported adjusted earnings of $28.922 million or $1.46 per share for the period.
Analysts on average had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.7% to $365.347 million from $395.744 million last year.
Jack In The Box Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $24.980 Mln. vs. $26.507 Mln. last year.
-EPS (Q2): $1.26 vs. $1.27 last year.
-Revenue (Q2): $365.347 Mln vs. $395.744 Mln last year.
-Guidance:
Full year EPS guidance: $6.25 to $6.40
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