Cintas hits record high on FY25 profit forecast above estimates
** Shares of uniform rental firm Cintas Corp CTAS.O rise as much as 7.5% to a record high of $773.78 in early trading
** Co forecasts annual profit above estimates owing to moderate price hikes
** Expects FY25 profit in the range of $16.25 to $16.75 per share vs LSEG estimates of $16.43 per share
** If gains hold, stock set for best day since March 27
** Posts quarterly profit of $3.99 per share, beating estimates of $3.79 per share, helped by 150 bps rise in gross margin to 49.2%
** Reports Q4 revenue of $2.47 bln, in line with estimates; forecasts annual revenue below estimates
** Including session moves, stock up nearly 26% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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