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Workplace Uniform Maker UniFirst Tops Q2 Profit Forecasts; Sales Come in Short

1. UniFirst reported EPS of $1.31, beating expectations. 2. Revenue of $602.2 million fell slightly short of forecasts. 3. Full-year EPS guidance raised, indicating strong profit outlook. 4. Revenue outlook lowered, primarily due to currency exchange rates. 5. Cintas canceled $5.3 billion acquisition bid for UniFirst.

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FAQ

Why Bullish?

Despite slight revenue miss, improved EPS forecasts are promising. The prior acquisition proposal led to a 20% stock rise.

How important is it?

The mixed earnings report influences investor sentiment, especially given EPS increase.

Why Short Term?

Recent earnings report impacts immediate trader sentiment. Price adjustments may follow as consensus on future expectations forms.

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