Investing.com - Cintas (NASDAQ:CTAS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Cintas announced earnings per share of $2.69 on revenue of $1.96B. Analysts polled by Investing.com anticipated EPS of $2.44 on revenue of $1.91B.
Cintas shares are down 11% from the beginning of the year, still down 14.83% from its 52 week high of $461.44 set on December 13, 2021. They are under-performing the S&P 500 which is down 5.34% from the start of the year.
Cintas shares gained 1.80% in pre-market trade following the report.
Cintas follows other major Industrials sector earnings this month
Cintas's report follows an earnings beat by Deutsche Post AG on March 9, who reported EPS of $1.56 on revenue of $25.82B, compared to forecasts EPS of $1.32 on revenue of $24.52B.
FedEx had missed expectations on March 17 with third quarter EPS of $4.59 on revenue of $23.6B, compared to forecast for EPS of $4.66 on revenue of $23.4B.
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