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Cintas Q3 Profit Declines; Lowers High End Of FY13 EPS Outlook - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Ohio-based Cintas Corp. (CTAS) Tuesday reported that its third-quarter net income was $74.7 million or $0.60 per share, compared to $76.0 million or $0.58 per share in the prior-year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose 6.3% to $1.08 billion from $1.01 billion in the comparable quarter last year, while eleven analysts expected to see revenues of $1.06 billion for the quarter.

The company is updating its fiscal 2013 guidance and expects earnings per share in a range of $2.50 to $2.54 and revenue in a range of $4.3 billion and $4.325 billion.

Earlier, the company expected fiscal 2013 earnings in a range of $2.50 per share to $2.58 per share and revenue in a range of $4.275 billion and $4.325 billion.

Analysts expect the company to report earnings of $2.55 per share on revenues of $4.28 billion for the fiscal year 2013.

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