Uniform rental company Cintas falls after Q2 results

Cintas

19/12/2024 15:03

** Shares of uniform rental firm Cintas Corp  CTAS.O  down
8% at $187.03 in early trade
    ** Co posts fiscal 2025 Q2 total revenue of $2.56 billion,
in line with estimates, as per data compiled by LSEG
    ** Still, co raises annual EPS forecast to $4.28 to $4.34
from $4.17 to $4.25 helped by lower expenses as well as price
increases for its cleaning supplies and uniforms rental services
    ** CTAS' Q2 EPS of $1.09 beats expectations of $1.01 - LSEG
    ** As of last close, shares up 35% YTD

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))