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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:12 EDTCTAS, UNFUniFirst, Cintas rally after reportedly dropping out of conference
Shares of UniFirst (UNF) and Cintas (CTAS) are moving higher after The Deal reported yesterday that both companies have dropped out of next week's Business Solutions conference held by Baird, according to Bloomberg. Cintas attributed its absence to travel problems while UniFirst confirmed it won't be going to the conference but declined further comment, Bloomberg cites The Deal as reporting. Cintas has a market capitalization over $7B while UniFirst's market cap is just above $2B, leading to speculation that Cintas may acquire UniFirst. Shares of UniFirst are up 5% to $113.90 in early trading while Cintas shares are up 3% to $60.86.
News For UNF;CTAS From The Last 14 Days
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December 18, 2014
18:22 EDTCTASOn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 9.3%... Pier 1 Imports (PIR), up 8%... NQ Mobile (NQ), up 9.3%... Cintas (CTAS), up 6.3%. ALSO HIGHER: Aratana Therapeutics (PETX), up 25.9% after candidate for dog osteoarthritis shows positive results... Ally Financial (ALLY), up 5% after announcing that it will exit the Troubled Asset Relief Program. DOWN AFTER EARNINGS: Nike (NKE), down 2.7%. ALSO LOWER: American Apparel (APP), down 2.8% after New York Post reports on takeover bid.
16:20 EDTCTASCintas sees FY15 EPS ex-tems $3.20-$3.25, consensus $3.15
Sees FY15 revenue $4.45B-$4.5B , consensus $4.46B. The company said, “We view the state of the U.S. economy as fairly fragile given numerous factors globally and within the U.S., and are hesitant to turn too optimistic. However, we have been pleased with the recent U.S. economic performance and look forward to this current state continuing in the second half of our fiscal year. Based on this view of the U.S. economy and our second quarter results, we are updating our fiscal 2015 guidance. We now expect fiscal 2015 revenue to be in the range of $4.45B-$4.5B, and fiscal 2015 EPS to be in the range of $3.49 to $3.54. This guidance continues to assume no EPS contribution from the partnership with Shred-it International Inc. due to the expectation of first year integration and transition expenses.” Cintas sees FY15 EPS, excluding Special Items, to be $3.20-$3.25.
16:17 EDTCTASCintas reports Q2 continuing ops EPS 86c, consensus 78c
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15:21 EDTCTASNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Nike (NIKE), consensus 70c; Red Hat (RHT), consensus 40c; Cintas (CTAS), consensus 78c; Pier 1 Imports (PIR), consensus 20c; AAR Corp. (AIR), consensus 37c.
December 15, 2014
07:10 EDTCTASCintas volatility increases into Q3 and outlook
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