Cintas Earnings: Here’s Why Investors Like These Results
Cintas Corporation (NASDAQ:CTAS) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.97%.
Cintas Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 5% to $0.63 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Rose 6.56% to $1.12 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cintas Corporation reported adjusted EPS income of $0.63 per share. By that measure, the company met the mean analyst estimate of $0.63. It beat the average revenue estimate of $1.1 billion.
Quoting Management: Scott D. Farmer, Chief Executive Officer, stated, “We are pleased to report a solid start to our fiscal 2014 year. All four of our operating segments had strong revenue performance in the first quarter, with each segment reporting organic growth of better than six percent.”
Key Stats (on next page)…