Posted by MidnightTrader.com
Cintas (CTAS) is due with its first-quarter report in the extended-hours today, and analysts polled by Thomson Reuters expect the company to report a profit of 47 cents per share on revenue of $996 million.
CTAS is mixed in its performance between the sessions, cutting back its after-hours, earnings-driven movement in next-day trade in nine of the 17 earnings events that we've tracked. This excludes four quarters when the stock went from flat in the night session to three times ending down in the next day session and a fourth time closing up the following day. Near-term, CTAS favors reversing between the sessions, with one flat to lower trade, three reversals and two widening moves.
Disclaimer: The views represented herein are those of the individual authors only, and do not necessarily represent the views of Schaeffer's Investment Research.
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