CINCINNATI (AP) — CINCINNATI (AP) — Cintas Corp. (CTAS) on Thursday reported fiscal fourth-quarter net income of $346.2 million.
On a per-share basis, the Cincinnati-based company said it had net income of $3.33.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.
The uniform rental company posted revenue of $2.28 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.25 billion.
For the year, the company reported profit of $1.35 billion, or $12.99 per share. Revenue was reported as $8.82 billion.
Cintas expects full-year earnings to be $13.85 to $14.35 per share, with revenue in the range of $9.35 billion to $9.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTAS at https://www.zacks.com/ap/CTAS
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