Applied Industrial Technologies Reports Fiscal 2019 Second Quarter Results
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Applied Industrial Technologies (AIT) Misses Q2 EPS by 7c, Revenues Miss; Offers Revised FY19 EPS Guidance Below Consensus
January 24, 2019 6:34 AM ESTApplied Industrial Technologies (NYSE: AIT) reported Q2 EPS of $0.99, $0.07 worse than the analyst estimate of $1.06. Revenue for the quarter came in at $840 million versus the consensus estimate of $852.96 million.
Commenting on the results, Applieds President & Chief Executive Officer Neil A. Schrimsher said, While we are pleased to post year-over-year increases in our second quarter... More
