Vestis slumps after Q1 revenue miss

Vestis

07/02/2024 18:04

** Shares of uniform rental co Vestis  VSTS.N  fall ~10% to
$20.10 
    ** Co reports Q1 revenue of $717.9 mln, missing analysts'
average expectation of $724.7 mln 
    ** Posts quarterly profit of 22 cents per share, in-line
with analysts' average estimate - LSEG
    ** Including session's move, stock up 4.4% since its IPO in
September

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))