SAN DIEGO (AP) _ Jack In The Box Inc. (JACK) on Wednesday reported fiscal second-quarter net income of $47.6 million.
The San Diego-based company said it had profit of $1.62 per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The burger chain posted revenue of $209.8 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $212.7 million.
Jack In The Box shares have decreased 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $91.22, a decline of 10 percent in the last 12 months.