Cintas rises after upbeat annual revenue forecast on resilient demand
BUZZ-Cintas rises after upbeat annual revenue forecast on resilient demand ** Shares of uniform rental firm Cintas Corp CTAS.O up ~6% at $194.95 in early trading
** CTAS forecasts annual revenue above expectations, betting on resilient demand for its rental uniform and first-aid safety kits despite ongoing macroeconomic uncertainty
** Co expects fiscal 2027 revenue in the range of $12.10 billion to $12.25 billion vs analysts' estimates of $12.08 billion, as per data compiled by LSEG
** It expects full-year adjusted earnings of $5.36 to $5.50 per share, midpoint of which is in line with estimates of $5.43 per share
** Co's Q4 revenue of $2.91 billion beat estimates of $2.87 billion
** CTAS logs quarterly profit of $1.26 per share topping estimates of $1.24 per share
** Including session's moves, stock up nearly 4% YTD
(Reporting by Shania S Thomas and Anuja Bharat Mistry in Bengaluru)
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