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Cintas Boosts FY24 Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Tuesday, Cintas Corp. (CTAS) raised its earnings and revenue guidance for the full-year 2024.
For fiscal 2024, the company now projects earnings in a range of $14.00 to $14.45 per share on revenues between $9.40 billion and $9.52 billion.
Previously, the company expected earnings in the range of $13.85 to $14.35 per share on revenues between $9.35 billion and $9.50 billion.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $14.42 per share on revenues of $9.50 billion for the year. Analysts' estimates typically exclude special items.
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Cintas Acquires North Carolina-based Rental Uniform Service For Undisclosed Terms
Cintas Corp. (CTAS) announced Thursday it has acquired Rental Uniform Service, a North Carolina-based, family-owned and operated uniform and facility services rental business. The terms of the deal were not disclosed.
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Cintas Boosts FY23 Outlook - Update
While reporting financial results for the third quarter on Thursday, Cintas Corp. (CTAS) raised its earnings and revenue guidance for the full-year 2023.
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Cintas Boosts FY23 Outlook As Q2 Results Top Estimates
Business services company Cintas reported on Wednesday that profit for the second quarter grew 10 percent from last year, driven by improved margins and double-digit revenue growth. Both earnings per share and revenues topped analysts' expectations. The company also raised its earnings and revenue outlook for the full-year 2023.
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European Stocks Close Lower On Geopolitical Tensions
European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
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