Applied Industrial Q2 Earnings Beat Estimates, Revenues Miss

Applied Industrial Technologies (AIT) reported second-quarter fiscal 2025 (ended Dec. 31, 2024) earnings of $2.39 per share, which surpassed the Zacks Consensus Estimate of$2.22. The bottom line increased 6.7% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net revenues of $1.07 billion missed the consensus estimate of$1.08 billion. The top line inched down 0.4% year over year. Acquisitions boosted the top line by 1.9% while foreign-currency translation had a negati ...