Jack In The Box Q1 Profit Rises

(RTTNews) - Jack in the Box Inc. (JACK) Wednesday reported first-quarter net earnings of $32.3 million or $0.74 per share, compared to $20.7 million or $0.47 per share last year.

Earnings from continuing operations for the quarter were $0.75 per share, up from $0.59 per share last year. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $450.1 million for the quarter, down from $454.3 million last year. Analysts estimated revenues of $435.43 million for the quarter.

For the fiscal year 2014m, the company now expects operating earnings from continuing operations of $2.20 to $2.35. Analysts currently expect the company to earn $2.25 per share for 2014.

Earlier, the company expected operating earnings from continuing operations between $2.15 and $2.30 per share.