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Cintas Corp Q2 Profit Rises, Beats View; Reaffirms FY13 EPS Outlook

Ohio-based Cintas Corp. (CTAS) Thursday reported that its second-quarter net income increased to $78 million from $74.4 million in the prior-year quarter. Earnings per share for the second quarter were $0.63 from $0.57 earnings per share reported in last year's second quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenue grew by 4% to $1.06 billion from $1.019 billion, while Analysts expected to see revenues of $1.06 billion for the quarter.

Also, during the quarter, the Company said it has purchased 1.9 million shares of its common stock for an aggregate price of $81.1 million.

The company reaffirmed its fiscal 2013 earnings guidance and continues to expect per share earnings in a range of $2.50 per share to $2.58 per share. Further, the company said it expected fiscal 2013 revenue in a range between $4.275 billion and $4.325 billion.

Analysts expect the company to report earnings of $2.55 per share on revenues of $4.27 billion for the fiscal year 2013.

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