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Cintas Gives Weak 4Q Outlook, Expects Charge

Stock quotes in this article: CTAS  

CINCINNATI (AP) — Corporate uniform supplier Cintas Corp. on Friday forecast fiscal fourth-quarter results below Wall Street estimates, and said it will take a $50 million charge in the period as it restructures to lower its future expenses.

Cintas said it expects a profit of a penny to 4 cents per share for the quarter ending May 31. Excluding the restructuring charge, the company expects income of 34 cents to 37 cents per share. The company projects $870 million to $885 million in revenue.

On average, analysts polled by Thomson Reuters expect income of 47 cents per share on $923.2 million in revenue. ...

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