SAN DIEGO (AP) _ Jack In The Box Inc. (JACK) on Wednesday reported fiscal first-quarter net income of $35.9 million.
On a per-share basis, the San Diego-based company said it had profit of $1.11. Earnings, adjusted for restructuring costs and to account for discontinued operations, came to $1.18 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The burger chain posted revenue of $487.9 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $498.5 million.
Jack In The Box expects full-year earnings in the range of $4.25 to $4.45 per share.
Jack In The Box shares have declined 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $103.60, a rise of 62 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JACK at https://www.zacks.com/ap/JACK
Keywords: Jack In The Box, Earnings Report