Jack in the Box Inc reports results for the quarter ended June 30 - Earnings Summary
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Jack in the Box IncQ) reported adjusted earnings of $1.02 per share for the quarter ended June 30, down from $1.65 a year ago and below analysts' expectations of $1.17. Revenue fell 9.8% to $332.99 million, missing the forecast of $340.16 million. The company’s net income was $22.03 million. Shares rose 11.7% this quarter but are down 53.2% year-to-date. Analysts' recommendations are mixed, with a consensus rating of "hold" and a median 12-month price target of $25.00, 22% above the last closing price of $19.50.
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