Shares of Cintas Corporation (CTAS) fell 1.8% to close at $428.89 on Wednesday after the provider of corporate identity uniforms through rental and sales programs posted disappointing Fiscal 2022 earnings guidance. Meanwhile, the company reported upbeat fiscal second-quarter 2022 results (ended November 30).  Results in Detail  Cintas reported earnings of $2.76 per share, beating the consensus estimate of $2.64. The company reported adjusted earnings of $2.37 per share in the same quarter last year.  Total revenue of $1.92 billion grew 9.4% year-over-year and topped analysts’ expectations of $1.9 billion.  Gross margin came in at 46%, down 70 basis points year-over-year on the back of higher labor and energy-related expenses.
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Cintas (NASDAQ:CTAS)
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