Applied Industrial (AIT) Reports Mixed Q3 Results; Guides
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Applied Industrial (NYSE: AIT) reports Q3 EPS of $0.27, versus the analyst estimate of $0.24. Revenue for the quarter was $451.65 million, versus the consensus of $466.85 million.
Applied Industrial reaffirms FY09 EPS $1.30 to $1.70 versus consensus of $1.39.
Applied Industrial sees FY09 revenue at low end of $1.95B to $2.1B guidance versus consensus of $1.99 billion.
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Applied Industrial Technologies, Inc. (Applied) is a North American distributor of bearings, power transmission components, fluid power components and systems, industrial rubber products, linear components, tools, safety products, general maintenance products and a variety of mill supply products.
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