Cintas Q1 Profit Meets Estimate - Quick Facts

(RTTNews) - Cintas Corp. (CTAS) Thursday reported first-quarter net income of $77.8 million, or $0.63 per share, up from $76.7 million, or $0.60 per share in the same period last year.

On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.63 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 6.6 percent to $1.12 billion from $1.05 billion last year, while twelve analysts expected revenues of $1.10 billion. Organic growth for the quarter was 7.1 percent.

Looking ahead to the fiscal-year 2014, the company now expects earnings to be in the range of $2.70 to $2.79 per share. Previously, the company expected earnings of $2.66 to $2.75 per share. Analysts now expect the company to report full-year earnings of $2.72 per share.

For fiscal-year 2014, the company continues to expect revenues of $4.5 billion to $4.6 billion. Analysts currently expect revenues of $4.55 billion.