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Cintas: Fiscal 1Q Earnings Snapshot

CINCINNATI (AP) _ Cintas Corp. (CTAS) on Tuesday reported fiscal first-quarter profit of $250.8 million.

On a per-share basis, the Cincinnati-based company said it had profit of $2.32.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.

The uniform rental company posted revenue of $1.81 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.78 billion.

Cintas expects full-year earnings to be $8.47 to $8.57 per share, with revenue in the range of $7.28 billion to $7.32 billion.

Cintas shares have increased 50% since the beginning of the year, while the Standard & Poor's 500 index has increased 18%. In the final minutes of trading on Tuesday, shares hit $252.14, a climb of 19% in the last 12 months.


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