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What: Shares of Cintas
So what: Revenue rose 11.3% to $1.01 billion while per-share earnings improved 36% to $0.49. Wall Street had been calling for $967.5 million and $0.44, respectively. The beat marks the third consecutive quarter in which Cintas has topped earnings estimates by at least 5%, making for a nice momentum story.
Now what: The Big Mo could hang around for a while. Cintas, a business uniform maker, projected $1.97-$2.05 in per-share profit on $4 billion-$4.1 billion in revenue in the year ahead, largely on the strength of an improving job market. Analysts were looking for $1.83 and $4 billion, respectively. Who’s right? You tell me. Weigh in on the economy and Cintas’ prospects using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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