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DAILY EARNINGS

Cintas Net Tumbles 59%, Cal-Maine Foods Revenues Plunge 54%


Author: Mukesh Buch
ticker.com
Last Update: 3:04 AM ET December 23 2016

12:00 PM New York Cintas second-quarter net tumbled 59% to $140.4 million but revenues jumped 6%. Cal-Maine Foods third-quarter net swung to a loss of $23 million after revenues plunged 54%.

Tollbooth Index edged up 5.84 to 11,186.88.

Earnings Review

Cintas Corporation (CTAS), the uniforms and cleaning services provider reported revenues in the second-quarter ending in November jumped 6.4% from a year ago to $1.3 billion.

Net income in the quarter tumbled 59.3% to $140.4 million or $1.29 per diluted share compared to the $345.1 million or $3.06 per share from the same quarter last year.

Cintas forecasted revenue in fiscal 2017 in the range of $5.18 billion to $5.23 billion and earnings per share in the range of $4.57 to $4.65.

Cal-Maine Foods Inc (CALM), the shell eggs producer said net sales in the third-quarter ending on November 26 plunged 53.6% from a year ago to $253.5 million.

Net in the quarter swung to a loss of $23 million or 48 cents per diluted share compared to the profit of $109.2 million or $2.27 per share from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc