Ian Pike noon, Dec. 8
Jack in the Box Beats Street Forecast; Stock up 3 Percent
Stock of fast food chain Jack in the Box is up more than 3 percent this morning (Wednesday, Feb. 20) in a market that is falling because of bad inflation news. The company announced that in its most recent quarter, earnings per share rose to 60 cents from last year's 52 cents. Wall Street analysts had been expecting 57 cents. The company's new products, including sirloin steak melt and grilled chicken strips, gained consumer acceptance. The company raised its forecast for 2008.