G&K Services Inc. Q4 Income Advances 20%

(RTTNews) - G&K Services Inc. (GK) announced a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line climbed to $19.83 million, or $1.00 per share. This was up from $16.57 million, or $0.83 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.95 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.3% to $258.50 million. This was up from $236.58 million last year.

G&K Services Inc. earnings at a glance:

-Earnings (Q4): $19.83 Mln. vs. $16.57 Mln. last year. -Earnings Growth (Y-o-Y): 19.7% -EPS (Q4): $1.00 vs. $0.83 last year. -EPS Growth (Y-o-Y): 20.5% -Analysts Estimate: $0.95 -Revenue (Q4): $258.50 Mln vs. $236.58 Mln last year. -Revenue Change (Y-o-Y): 9.3%