MarketWatch writes article about Cintas gains as earnings, outlook rise:
Cintas gains as earnings, outlook rise
By Tess Stynes
Published: Dec 21, 2015 5:07 p.m. ET
By
TessStynes
Cintas Corp. CTAS, +0.80% said its adjusted earnings rose in the
latest quarter, and the company raised its outlook for the current
fiscal year.
safety supplies rose 1.5% to $90.50 in after-hours trading after
revenue edged past expectations.
For the three months ended Nov. 30, Cintas reported a profit of $345.1
million, or $3.06 a share, up from $120.4 million, or $1 a share, a
year earlier. Excluding one-time items, per-share earnings from
continuing operations rose to $1.03 from 86 cents.
Revenue increased 8.5% to $1.22 billion. Excluding acquisitions and
currency impacts, revenue improved by 6.5%.
Analysts polled by Thomson Reuters expected per-share profit from
continuing operations of $1 and revenue of $1.21 billion.
The company’s operating margin rose to 16.4% during the quarter from
MarketWatch Article Source Here.