AP NEWS

Cintas: Fiscal 2Q Earnings Snapshot

December 17, 2019 GMT

CINCINNATI (AP) _ Cintas Corp. (CTAS) on Tuesday reported fiscal second-quarter earnings of $246.1 million.

The Cincinnati-based company said it had profit of $2.27 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The uniform rental company posted revenue of $1.84 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.82 billion.

Cintas expects full-year earnings to be $8.65 to $8.75 per share, with revenue in the range of $7.29 billion to $7.33 billion.

Cintas shares have climbed 55% since the beginning of the year, while the Standard & Poor’s 500 index has increased 27%. In the final minutes of trading on Tuesday, shares hit $260.76, a rise of 57% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTAS at https://www.zacks.com/ap/CTAS