UniFirst Corp. (UNF) reported first quarter net income of $1.54 per share Thursday morning, up from $1.30 per share in the prior year. The consensus estimate was for EPS of $1.33. The company also increased its full year 2013 EPS forecast to between $5.10 and $5.25, from prior expectations of $4.65 to $4.85. The consensus estimate is for EPS of $4.82.
UniFirst gapped open sharply higher Thursday, but traded in a range for the majority of the session. The stock closed up by 6.17 at $81.87, with volume at a 6-month high. UniFirst leaped to its second consecutive new high for the year.
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