Investing.com - Cintas (NASDAQ:CTAS) 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 14% from the beginning of the year and are trading at $380.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 28.13% from the start of the year.
Cintas shares gained 0.64% in pre-market trade following the report.
Cintas follows other major Industrials sector earnings this month
Cintas's report follows an earnings matched by FedEx on Thursday, June 23, 2022, 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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