G&K Services (GK) Reports In-Line Q3 EPS; Updates on FY16 Outlook

G&K Services (NASDAQ: GK) reported Q3 EPS of $0.89, in-line with the analyst estimate of $0.89. Revenue for the quarter came in at $239.2 million versus the consensus estimate of $241.28 million.

With only one quarter remaining in its fiscal year, the company has narrowed its full year guidance. The company now expects fiscal 2016 revenue in the range of $975 million to $980 million and full year diluted earnings per share between $3.52 and $3.58. This compares to the previously announced guidance of revenue between $975 million to $990 million and earnings of $3.50 to $3.60 per diluted share.

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

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