Investing.com - Cintas reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cintas announced earnings per share of $2.81 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $2.69 on revenue of $2B.
Cintas shares are down 13% from the beginning of the year and are trading at $381.87 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 28.66% from the start of the year.
Cintas shares gained 1.14% in intra-day trade the report.
Cintas follows other major Industrials sector earnings this month
Cintas's report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Fastenal had beat expectations on Wednesday with second quarter EPS of $0.5 on revenue of $1.78B, compared to forecast for EPS of $0.4972 on revenue of $1.79B.
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