Cintas Beats Q1 Street Estimates, Offers Bullish Outlook

Cintas posted first quarter earnings of $0.93 a share on revenue of $1.10 billion. Wall Street analysts were looking for $0.75 on sales of $1.10 billion. Last year, the uniform and apparel provider earned $0.63 a share on $1.12 billion in revenue. Cintas per share earnings included an extra 15 cents from a stock and business sale. As for details, fiscal 2015 first quarter gross margin was $478 million, or 43.4% of first quarter revenue, compared to $423 million, or 41.2% last year. Cintas also raised its fiscal 2015 guidance based on its first quarter results and economic outlook. TheStreet's Gregg Greenberg has details from New York.