Applied Industrial Technologies Earnings: Everything You Must Know Now

Applied Industrial Technologies, Inc. (NYSE:AIT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Applied Industrial Technologies, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 0% to $0.69 in the quarter versus EPS of $0.69 in the year-earlier quarter.

Revenue: Rose 2.68% to $621.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Applied Industrial Technologies, Inc. reported adjusted EPS income of $0.69 per share. By that measure, the company beat the mean analyst estimate of $0.68. It missed the average revenue estimate of $630.46 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 5.46% from $589.52 million in the previous quarter. EPS increased 7.81% from $0.64 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.78 and has not changed. For the current year, the average estimate is a profit of $2.8, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)