Jack in the Box jumps after easily topping Q2 estimates
Jack in the Box Inc. (JACK) is up 13.6% Thursday morning. The fast food chain is moving higher following the company’s second-quarter earnings report. The company posted adjusted earnings of 85 cents per share, easily outpacing the consensus 70 cents, and up from 60 cents per share during the same period last year. Revenue of $361.2 million were also higher than expected, topping the $360.9 million forecast. For the full year, JACK forecast earnings in a range of $3.50 to $3.63 per share, versus the consensus $3.52 estimate.
Jack in the Box Inc. (JACK) operates a chain of fast food restaurants.
NetEase, Inc. (NTES) and CA, Inc. (CA) top the list of other companies with positive news today, while AerCap Holdings N.V. (AER) and Arctic Cat Inc. (ACAT) top the list of companies with negative news.
Already a member?
Login to see your Morning News Leader Trade Idea.
Not yet a member?
You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.
Become A Member
About Jack In The Box Inc.
Jack In The Box Inc operates quick-service restaurants and fast-casual restaurants in California, the USA under the brands Jack in the Box. The company menu offers burgers, tacos, regular and curly fries, specialty sandwiches, salads and ice cream shakes. These foods are available with the option of customization as per customer requirements. The company also offer catering services to its customers. Revenues are generated from sales that take place at their restaurants.