Top Stocks Alert - (NASDAQ:JACK) Q4 Profit Rises 51%, But Guidance Weak

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Jack in the Box Inc. (NASDAQ:JACK) fell 8.54% to $18.84 after it posted a 51 percent increase in quarterly profit, helped by refranchising efforts and cost controls, but forecast disappointing fiscal 2010 earnings.

The fast-food chain operator forecast earnings of $1.90 to $2.10 a share for fiscal 2010. Analysts were expecting earnings of $2.31 a share, before items, according to Thomson Reuters I/B/E/S.

For the first quarter, the company expects same-store sales to fall about 10 percent at its Jack in the Box restaurants and 5 percent at its Qdoba brand.

Jack in the Box, which operates primarily in the western and southern United States, earned $40.6 million, or 70 cents a share, in the fourth quarter, compared with $26.9 million, or 47 cents a share, a year ago.

Revenue fell 7 percent to $540.3 million.

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