Advertisement
UniFirst Boosts FY23 Revenue Outlook; Q3 Adj. EPS Miss Estimates
(RTTNews) - While reporting financial results for the third quarter on Wednesday, UniFirst Corp. (UNF) maintained its earnings guidance for the full-year 2023, while raising annual revenue outlook.
For fiscal 2023, the company now projects earnings in a range of $5.02 to $5.37 per share on revenues between $2.22 billion and $2.23 billion.
Previously, the company expected earnings in the range of $5.02 to $5.37 per share on revenues between $2.21 billion and $2.22 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.13 per share on revenues of $2.22 billion for the year. Analysts' estimates typically exclude special items.
For the third quarter, the company reported net income of $24.28 million or $1.29 per share, down from $25.07 million or $1.33 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $1.66 per share, compared to $1.77 per share in the year-ago quarter.
Consolidated revenue for the quarter increased 12.7 percent to $576.67 million from $511.55 million in the same quarter last year.
The Street was looking for earnings of $1.79 per share on revenues of $564.18 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
UniFirst Boosts FY24 EPS Outlook As Q3 Results Top Estimates
UniFirst Backs FY24 Outlook; Q1 Results Top Estimates
UniFirst Sees FY23 Adj. EPS Below View; Q4 Results Top Estimates
UniFirst Slashes FY22 Earnings Outlook As Q3 Adj. EPS Misses Estimates
Asian Markets Track Wall Street Lower
Australian Market Extends Early Losses In Mid-market
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens
