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Stock impact report

Cintas shares rally on earnings beat, raised outlook [MarketWatch]

Cintas Corporation (CTAS) 
Last cintas corporation earnings: 3/19 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: cintas.com/investors
Company Research Source: MarketWatch
Cintas shares rally on earnings beat, raised outlook Cintas Corp. CTAS, -3.65% shares surged in the extended session Thursday after the uniform and business supply company raised its outlook for the year and reported quarterly results that topped Wall Street estimates. Cintas shares rose 4.4% after hours, following a 3.7% decline to close the regular session at $159.04. The company reported fiscal second-quarter net income of $243 million, or $2.18 a share, compared with $137.1 million, or $1.23 a share, in the year-ago period. Adjusted earnings were $1.76 a share. Revenue rose to $1.72 billion from $1.61 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.70 a share on revenue of $1.7 billion. For the year, Cintas expects earnings of $7.30 to $7.38 a share on revenue of $6.87 billion to $6.91 billion, while analysts expect $7.24 a share on revenue of $6.84 billion. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulleti Show less Read more
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