Applied Industrial Technologies (AIT) Q1 Earnings and Revenues Surpass Estimates

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.63 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to earnings of $2.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.48%. A quarter ago, it was expected that this industrial products company would post earnings of $2.6 per share when it actually produced earnings of $2.8, delivering a surprise of +7.69%.Over the ...