Cintas (NASDAQ:CTAS) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cintas announced earnings per share of $2.16 on revenue of $1.81B. Analysts polled by anticipated EPS of $2.03 on revenue of $1.8B. That with comparison to EPS of $1.84 on revenue of $1.68B in the same period a year before. Cintas had reported EPS of $2.27 on revenue of $1.84B in the previous quarter. Analysts are expecting EPS of $2.17 and revenue of $1.87B in the upcoming quarter.
Cintas shares are down 32.21% from the beginning of the year , still down 40.15% from its 52 week high of $304.81 set on February 19. They are under-performing the Nasdaq which is down 20.9% year to date.
Cintas shares gained 0.32% in after-hours trade following the report.
Cintas follows other major Services sector earnings this month
Cintas's report follows an earnings beat by Home Depot on February 25, who reported EPS of $2.28 on revenue of $25.78B, compared to forecasts EPS of $2.11 on revenue of $25.76B.
Pinduoduo had beat expectations on March 11 with first quarter EPS of $-1.52 on revenue of $10.79B, compared to forecast for EPS of $-1.88 on revenue of $11.04B.
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