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Monday, Jan 30, 2023
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Jack Jumps Over Analysts’ Predictions

Jack in the Box Inc., a quick-service restaurant chain, on Feb. 20 posted net income of $36.5 million, or 60 cents per diluted share, on revenue of $905 million during the company’s first quarter, which ended Jan. 20.

Analysts surveyed by Reuters Estimates had expected 57 cents per share on revenue of $885 million.

During the year-ago quarter, the company posted net earnings of $37.4 million, or 52 cents per diluted share, on revenue of $857 million.

Shares, traded on the New York Stock Exchange as JBX, were at $27.90 in midday trading Feb. 20, up 4.8 percent from the previous day’s closing price of $26.61.

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, Brad Graves

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