Jack in the Box Beats Estimates, Expands Into New Markets; Remark Holdings Inks Strategic Partnership; AppLovin Upgraded
- May 17th, 2023
- 551 views
Jack in the Box Inc. (Nasdaq: JACK) reported operating earnings per share of $1.47 for the second quarter of fiscal year 2023, surpassing the consensus estimate of $1.22 per share.
Additionally, the company has made significant expansion announcements. Jack in the Box has signed a commitment for 22 units across four northern Mexican states, marking a notable growth opportunity. Furthermore, both Jack in the Box and Del Taco will be entering Montana and Wyoming for the first time in the history of each brand.
Shares of $JACK are currently trading at $91.83, reflecting a decrease of $3.45 or 3.62%.
Moving on, Remark Holdings, Inc. (Nasdaq: MARK) has made an important strategic announcement. The company has entered into a sales and development partnership with WaitTime, a core partner of Cisco and Intel. This partnership aims to target crowd-behavior analytics.
$MARK is trading at $1.18, showing an increase of $0.05 or 4.50%.
In other news, AppLovin Corporation (Nasdaq: APP) has received an upgrade from BofA Securities. The stock's rating has been upgraded from Neutral to Buy, with the price target being raised to $27 from $21 by the investment firm.
Shares of $APP are trading at $24.65, experiencing a significant rise of $1.77 or 7.74%.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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