SAN DIEGO (AP) _ Jack In The Box Inc. (JACK) on Wednesday reported fiscal third-quarter profit of $32.6 million.
The San Diego-based company said it had net income of $1.42 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were $1.37 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The burger chain posted revenue of $242.3 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $236.6 million.
Jack In The Box shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $83.02, an increase of 14% in the last 12 months.
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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
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