Applied Industrial Technologies (AIT) Tops Q1 Earnings and Revenue Estimates

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of$ 2.24 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.36%. A quarter ago, it was expected that this industrial products company would post earnings of$ 2.52 per share when it actually produced earnings of $2.64, delivering a surprise of 4.76%.Over the ...