Cintas: Fiscal Q3 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — Cintas Corp. (CTAS) on Wednesday reported fiscal third-quarter net income of $397.6 million.

On a per-share basis, the Cincinnati-based company said it had profit of $3.84.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.56 per share.

The uniform rental company posted revenue of $2.41 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.38 billion.

Cintas expects full-year earnings to be $14.80 to $15 per share, with revenue in the range of $9.57 billion to $9.6 billion.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up