G&K Services (GK) Misses Q1 EPS by 2c

G&K Services (NASDAQ: GK) reported Q1 EPS of $0.80, $0.02 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $237.2 million versus the consensus estimate of $237.71 million.

The negative impact of foreign currency exchange, together with a higher effective tax rate, reduced first quarter earnings by $0.08 per diluted share compared to the prior year period.

Guidance:

G&K Services sees FY2015 EPS of $3.50-$3.70, versus the consensus of $3.59. G&K Services sees FY2015 revenue of $975-1000 million, versus the consensus of $986.1 million.

For earnings history and earnings-related data on G&K Services (GK) click here.

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