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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:12 EDTUNF, CTASUniFirst, 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.
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July 15, 2014
18:29 EDTCTASOn The Fly: After Hours Movers
UP AFTER EARNINGS: Intel (INTC), up 4.1% after reporting second quarter results... AMD (AMD), up 1.6% after Intel reported quarterly results... Cintas (CTAS), up 1.6% after reporting fourth quarter results and fiscal 2015 guidance. ALSO HIGHER: IBM (IBM), up 1.8% after announcing an enterprise mobile partnership with Apple (AAPL), which is up 1.5%. DOWN AFTER EARNINGS: Yahoo! (YHOO), down 2.3% after reversing direction during the company's second quarter earnings conference call. ALSO LOWER: BlackBerry (BBRY), down 3.4% following IBM and Apple partnership announcement.
16:18 EDTCTASCintas sees FY15 EPS $3.06-$3.15, consensus $3.08
Sees FY15 revenue $4.425B-$4.525B, consensus $4.7B. The fiscal 2015 EPS guidance incorporates the impact of the share buybacks that occurred in May and June 2014. It does not assume any additional share buybacks.
16:17 EDTCTASCintas reports Q4 EPS $1.03 with items, consensus 75c
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15:27 EDTCTASNotable companies reporting after market close
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