Jack in the Box Falls 5% After Q4 Earnings Results
Fast-food chain Jack in the Box (NASDAQ: JACK) released its fiscal fourth-quarter earnings results on Monday after the closing bell. During regular trading hours, the stock moved around 5 percent higher, but in the after hours, shares are down nearly five percent.
The company reported fourth-quarter net earnings of $12.48 million or $0.27 per share, compared to $22.65 million or $0.49 per share, in the year ago period. Earnings per share on a non-GAAP basis were also $0.27. This compared to Wall Street analysts' consensus EPS estimates of $0.37.
Revenue in the quarter was $357.64 million, down from the $366.96 million the company reported last year. This also missed Wall Street consensus revenue expectations of $488.79 million.
Looking ahead, the company said that it expects earnings per share of $1.45 to $1.60 for fiscal 2013. This compares to analysts' consensus of $1.58 per share for the fiscal year.
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