Cintas rises on raising annual profit, revenue forecasts
** Shares of uniform rental firm Cintas Corp CTAS up 1.8% at $208.49
** Co raises annual profit and revenue forecasts betting on resilient demand for its products and easing costs
** Expects FY25 profit per share between $4.17 and $4.25 vs $4.06 to $4.19 earlier
** CTAS now expects annual revenue between $10.22 billion and $10.32 billion, compared with previous expectation of $10.16 billion to $10.31 billion
** Co also beat Q1 profit estimates and reports in-line quarterly revenue
** Co's Q1 gross margins expanded by 140 basis points to 50.1%, majorly due to lower costs of energy
** As of Tuesday's close, stock had risen 35% YTD
Reporting by Neil J Kanatt in Bengaluru
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