UniFirst Q3 earnings send shares up 11%

UniFirst Corporation (NYSE:UNF) said Wednesday its third-quarter earnings jumped 24% because of better margins. The Wilmington, Mass.-based uniform and protective work clothing provider said net income was $16.94 million, or $0.87 per share, compared with $13.68 million, or $0.71 a share, for the same quarter a year ago. Wall Street estimates put third-quarter earnings per share at $0.77. On Wednesday UniFirst shares rose 11.4% to $49.75 on above-average volume.

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