Cintas Earnings, Revenue Beat in Q4
2022.07.14 17:03
Cintas Earnings, Revenue Beat in Q4
Investing.com – Cintas (NASDAQ:CTAS) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Cintas announced earnings per share of $2.81 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $2.69 on revenue of $2B.
Cintas shares are down 14% from the beginning of the year, still down 18.18% from its 52 week high of $461.44 set on December 13, 2021. They are outperforming the Nasdaq 100 which is down 28.13% from the start of the year.
Cintas shares gained 0.64% in pre-market trade following the report.
Cintas follows other major Industrials sector earnings this month
Cintas’s report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Fastenal had beat expectations on Wednesday with second quarter EPS of $0.5 on revenue of $1.78B, compared to forecast for EPS of $0.4972 on revenue of $1.79B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
