21.12.2023 16:22:20 - dpa-AFX: Cintas Shares Rise On Upbeat Q2 Results, Outlook

MASON (dpa-AFX) - Shares of Cintas Corporation (CTAS) are rising more than
6% Thursday morning after reporting better-than-expected results in the second
quarter. The company also raised its full-year outlook.

Net income was $374.61 million for the second quarter or $3.61 per share, higher
than $324.29 million or $3.12 per share in last year's second quarter. Analysts
polled by Thomson-Reuters expected the company to report earnings of $3.49 per
share.

Revenue for the quarter increased 9.3% to $2.377 billion from $2.174 billion.
The consensus estimate was for $2.34 billion.

The company now expects full-year revenue to be $9.48 billion - $9.56 billion,
up from from $9.40 billion - $9.52 billion.

Adjusted EPS for the year has been raised to $14.35 - $14.65 from $14.00 -
$14.45.

CTAS is at $587.79 currently. It has traded in the range of $423.06 - $591.09 in
the last 1 year.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CINTAS CORP. 880205 Frankfurt 636,400 14.05.24 15:51:21 -4,200 -0,66% 633,800 634,400 637,400 640,600

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