11:29 AM EDT, 06/26/2024 (MT Newswires) -- (Updates to include stock movement in the headline and first paragraph.)

UniFirst ( UNF ) shares were up more than 13% in recent Wednesday trading after the company reported higher fiscal Q3 earnings and revenue, and lifted its 2024 earnings per share guidance.

UniFirst ( UNF ) reported fiscal Q3 earnings of $2.03 per diluted share, up from $1.29 a year earlier. Four analysts polled by Capital IQ expected $1.70.

Revenue for the quarter ended May 25 was $603.3 million, up from $576.7 million a year earlier. Four analysts surveyed by Capital IQ expected $601.3 million.

The company said it now expects fiscal 2024 earnings of $7.17 to $7.49 per share. That compares with its prior guidance of between $6.80 and $7.16. Four analysts polled by Capital IQ expect $6.92.

Revenue for the fiscal year is still expected in the range of $2.42 billion to $2.43 billion. Analysts expect $2.42 billion.

Price: 175.55, Change: +21.08, Percent Change: +13.64