Cintas Rises 2% on Upbeat Q3 Results
March 24 2022 - 06:35AM
TipRanks
Cintas Corporation (NASDAQ: CTAS) has reported better-than-expected
results for the third quarter of Fiscal 2022 (ended February 28,
2022). The company’s adjusted earnings surpassed the consensus
estimate by 11.2%, while its revenues exceeded the same by 3.2%.
Shares of Cintas gained 2.1% to close at $401.34 on Wednesday. An
additional 0.4% rise in the share price was recorded in the
extended trading session. Cintas provides a wide range of products,
including uniforms, mops, flame-resistant clothing, restroom
supplies, and related services. It has a solid customer base in
Latin America, the U.S., and Canada. The company is headquartered
in Cincinnati, OH. Financial Highlights Cintas’ third-quarter
adjusted earnings stood at $2.
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