NewzCINCINNATI (AP) — CINCINNATI (AP) — Cintas Corp. (CTAS) on Wednesday reported fiscal first-quarter earnings of $551.7 million. On a per-share basis, the Cincinnati-based company said it had net income of $1.36.
Earnings, adjusted for non-recurring costs, were $1.39 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The uniform rental company posted revenue of $3.01 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $2.97 billion. Cintas expects full-year earnings in the range of $5.45 to $5.54 per share, with revenue in the range of $12.15 billion to $12.27 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 Source (PAYX) on Wednesday reported fiscal first-quarter profit of $429.7 million.
The Rochester, New York-based company said it had profit of $1.21 per share. Earnings, adjusted for one-time gains and costs, came to $1.34 per share. The results beat Wall Street expectations.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share. The payroll processor and human-resources services provider posted revenue of $1.63 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.62 billion.
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