Applied Industrial Technologies (AIT) Tops Q1 EPS by 12c

Applied Industrial Technologies (NYSE: AIT) reported Q1 EPS of $1.24, $0.12 better than the analyst estimate of $1.12. Revenue for the quarter came in at $864.5 million versus the consensus estimate of $874.66 million.

GUIDANCE:

Applied Industrial Technologies sees FY2019 EPS of $4.65-$4.85, versus the consensus of $4.68.

• sales increase of 16.0% to 18.0%.”

For earnings history and earnings-related data on Applied Industrial Technologies (AIT) click here.

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