UniFirst Corp Profit Declines 8% In Q3

(RTTNews) - UniFirst Corp (UNF) announced earnings for third quarter that decreased from last year.

The company said its earnings declined to $27.70 million, or $1.36 per share. This was lower than $30.14 million, or $1.49 per share, in last year's third quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.4% to $409.83 million. This was up from $367.80 million last year.

UniFirst Corp earnings at a glance:

-Earnings (Q3): $27.70 Mln. vs. $30.14 Mln. last year. -Earnings Decline (Y-o-Y): -8.1% -EPS (Q3): $1.36 vs. $1.49 last year. -EPS Decline (Y-o-Y): -8.7% -Analysts Estimate: $1.34 -Revenue (Q3): $409.83 Mln vs. $367.80 Mln last year. -Revenue Change (Y-o-Y): 11.4%

-Guidance: Full year EPS guidance: $4.85 - $5.00 Full year revenue guidance: $1.573 - $1.580 Bln