Cintas Corporation (NASDAQ:CTAS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.57%.
Cintas Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.45% to $0.60 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Decreased 99.89% to $1.08 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Cintas Corporation reported adjusted EPS income of $0.6 per share. By that measure, the company missed the mean analyst estimate of $0.61. It missed the average revenue estimate of $1.06 billion.
Quoting Management: Scott D. Farmer, Chief Executive Officer, stated, “We are pleased to report record quarterly revenue led by very strong Uniform Direct Sales performance. We are also encouraged to see organic growth rates improve in each of our operating segments, reflecting the great execution by our dedicated team of employees, who we call partners.”
Key Stats (on next page)…