S&P 500 may face selling pressure as systematic funds reach full exposure
Investing.com - Unifirst reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Unifirst announced earnings per share of $1.39 on revenue of $516.40. Analysts polled by Investing.com EPS of $1.73 on revenue of $512.12M.
Unifirst 's are down 16.18% and is trading at $171.41 , still down 20.15% from its 52 week high of $214.65 set on Tuesday, January 4, 2022.
Unifirst follows other major Industrials sector earnings this month
Unifirst's report follows an earnings missed by Lockheed Martin on Tuesday, July 19, 2022, who reported EPS of $1.16 on revenue of $15.45B, EPS of $1.88 on revenue of $15.98B.
Cintas had beat expectations on Wednesday, September 28, 2022 with first quarter EPS of $3.39 on revenue of $2.17B, for EPS of $3.13 on revenue of $2.08B.
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