TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Mister Car Wash Inc. (MCW) on Wednesday reported first-quarter net income of $16.6 million.
On a per-share basis, the Tucson, Arizona-based company said it had profit of 5 cents. Earnings, adjusted for stock option expense and to extinguish debt, were 8 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The car wash operator posted revenue of $239.2 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $244.1 million.
Mister Car Wash expects full-year earnings to be 30 cents to 34 cents per share, with revenue in the range of $988 million to $1.02 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 MCW at https://www.zacks.com/ap/MCW
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