People pass in front of a Jack in the Box restaurant in Laguna Beach, California.
Scott Mlyn | CNBC
Shares of fast-food chain Jack in the Box sprang up in trading after the bell Wednesday, rising nearly 7.5 percent on strong quarterly earnings.
The restaurant company announced fiscal third-quarter earnings of $1.07 per share ex-items versus an estimate of 87 cents a share, according to Thomson Reuters. Jack in the Box also narrowly beat sales estimates, posting third quarter revenues of $369 million.
Jack in the Box may have been boosted by its ownership of Mexican restaurant chain Qdoba, which is a chief rival of the struggling Chipotle restaurant chain.
Shares of Jack in the Box did not appear to be weighed down by weaker-than-expected fourth-quarter earnings guidance.