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Cintas: Fiscal 2Q Earnings Snapshot

December 20, 2018

CINCINNATI (AP) _ Cintas Corp. (CTAS) on Thursday reported fiscal second-quarter profit of $243 million.

On a per-share basis, the Cincinnati-based company said it had profit of $2.18. Earnings, adjusted for one-time gains and costs, were $1.76 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The uniform rental company posted revenue of $1.72 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.7 billion.

Cintas expects full-year earnings in the range of $7.30 to $7.38 per share, with revenue in the range of $6.87 billion to $6.91 billion.

Cintas shares have climbed 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has fallen roughly 8 percent. In the final minutes of trading on Thursday, shares hit $159.04, decreasing slightly in the last 12 months.

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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

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