G&K Services Inc. earned an adjusted 66 cents a share in its fiscal fourth quarter, beating Wall Street's expectations by a penny, but fell short on revenue.

The Minnetonka-based maker of industrial clothing and uniforms reported net earnings of $8 million, or 40 cents per share, for the three months ended June 29, down from $11.2 million, or 59 cents a share, in the same period a year ago.

Revenue in the period was $229.5 million, just short of the $231 million average of analysts' estimates. Fourth-quarter revenue was up 2.3 percent from a year ago, driven by growth in its rental business, the firm said.

G&K shares closed up 85 cents, or 1.6 percent, to $53.43 on the Nasdaq Stock Market.

"G&K is clearly a much stronger, more capable company than when we initiated our game plan four years ago," CEO Douglas Milroy said in a statement. He said the company would focus on continued gains in margins.

The company earned an adjusted $2.65 a share for the full fiscal year, also a penny more than analysts expected. Revenue of $907.7 million for the year was less than the $910 million Wall Street had predicted.

However, the company's growth projections for next year also fell slightly below analysts' expectations.

G&K projects that revenues for 2014 will be $930 million to $950 million. Analysts' average forecast was $952.8 million. The company said it expects 2014 adjusted earnings of $2.80 to $3 a share, in line with analysts' average of $2.89 per share.

Steve Alexander • 612-673-4553