UniFirst Corporation (UNF) shares surged 5.96% in pre-market trading on Wednesday, following the release of its impressive third-quarter earnings report. The company, which provides workplace uniforms and facility services, demonstrated robust financial performance across key metrics.
According to the earnings release, UniFirst reported a third-quarter revenue of USD 610.778 million. The company's operating income for the quarter stood at USD 48.177 million, while net income reached USD 39.68 million. These figures suggest strong operational efficiency and profitability for the uniform rental and facility services provider.
While detailed earnings per share (EPS) figures were not immediately available, analysts had previously estimated an EPS of $2.09 for the quarter. The market's positive reaction indicates that UniFirst may have met or exceeded these expectations. Investors appear to be responding favorably to the company's financial results, driving the stock's significant pre-market gains.