Markets

Cintas Corp. Issues Q2 Outlook - Quick Facts

(RTTNews) - Cintas Corp. (CTAS) announced the company expects second quarter earnings per share to be in the range of $2.00 to $2.20; and revenue in the range of $1.725 billion to $1.750 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.06 on revenue of $1.75 billion. Analysts' estimates typically exclude special items.

First quarter earnings per share were $2.78, an increase of 19.8% from last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $2.13, for the quarter.

First quarter revenue was $1.75 billion, a decrease of 3.6% from previous year. Analysts expected revenue of $1.7 billion, for the quarter. Organic revenue declined 5.0%, for the first quarter.

Shares of Cintas Corp. were up 2% in pre-market trade on Wednesday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CTAS

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More