Cintas Corporation CTAS just released their third quarter fiscal 2016 earnings results, posting earnings of $1.05 per share and revenue of $1.216 billion.
Currently, CTAS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.
Beat earnings estimates. The company posted $1.05 per share , missing our Zacks Consensus Estimate of $0.95.
Beat revenue estimates. The company saw revenue figures of $1.216 billion , beating our estimate of $1.202 billion.
Compared to the same quarter last year, revenues grew by 9.7%.
Operating income grew by 11.1% compared to the same quarter last year. Net operating income for the quarter came in at $192.9 million.
CTAS was up $1.23, or 1.36%, to $91.58 as of 4:49 PM ET in after hours trading shortly after its earnings report was released.
Here's a graph that looks at Cintas' quarterly revenues growth.
Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. The company is divided into two operating segments: Rentals and Other Services. The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to its customers. The Other Services operating segment involves the design, manufacture and direct sale of uniforms to its customers as well as the sale of ancillary services including sanitation supplies, first aid products, and cleanroom supplies.
Check back later for our full analysis onCintas' third quarter earnings report!
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