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SAN DIEGO — Jack In The Box Inc. (JACK) reported a loss of $122.3 million for its fiscal third quarter on Tuesday.
The San Diego-based company stated it had a loss of $6.26 per share. However, after adjusting for one-time gains and costs, earnings were $1.65 per share. This result exceeded Wall Street expectations, where the average estimate from 10 analysts surveyed by Zacks Investment Research was $1.50 per share.
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Revenue for the quarter was $369.2 million, which was slightly below the $369.8 million expected by nine analysts surveyed by Zacks.
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Looking ahead, Jack In The Box anticipates full-year earnings to be in the range of $6.10 to $6.25 per share.
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