UniFirst: Fiscal 3Q Earnings Snapshot
WILMINGTON, Mass. (AP) _ UniFirst Corp. (UNF) on Wednesday reported fiscal third-quarter profit of $47.2 million.
The Wilmington, Massachusetts-based company said it had net income of $2.46 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The uniform provider posted revenue of $453.7 million in the period.
UniFirst expects full-year earnings to be $8.75 to $8.85 per share, with revenue in the range of $1.8 billion to $1.81 billion.
UniFirst shares have increased 16% since the beginning of the year. The stock has dropped roughly 8% in the last 12 months.