Cintas Earnings, Revenues Lighter Than Expected

Cintas posted a higher quarterly profit, helped by increased revenue, but both numbers were below analysts' expectations.

Earnings for Cintas, a provider of workplace uniforms, rose to $82.5 million, or 51 cents a share, in the company's fiscal second quarter, from $76.8 million, or 46 cents a share, a year earlier.

Analysts polled by Thomson Financial expected Cincinnati, Ohio-based Cintas to earn 52 cents a share.

Quarterly revenue rose to $923.3 million from $835.8 million. Analysts had predicted sales of $933 million.

Cintas also confirmed its previous guidance for fiscal 2007 of $2.10 to $2.20 a share of earnings and revenues between $3.77 billion and $3.85 billion. Ahead of the report, analyst consensus was earnings of $2.19 a share and revenues of $3.78 billion.



Contact U.S. News


    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • Herbalife sells nutrition supplements but continues to be the target of Bill Ackman, as he alleges that the company is actually a pyramid scheme.

  • Argentina has defaulted on its debt. CNBC's Kate Kelly reports the ISDA has received a request to make a ruling on whether a credit event has occurred in Argentine Republic.

  • CNBC's Sara Eisen reports Yum! Brands is saying news coverage concerning the sale of bad meat has caused a "significant, negative impact" to same-store sales at KFC and Pizza Hut locations.