Applied Industrial Technologies Reports Fiscal 2020 Third Quarter Results

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Applied Industrial Technologies (AIT) Tops Q3 EPS by 1c, Withdraws Outlook

April 30, 2020 6:34 AM EDT

Applied Industrial Technologies (NYSE: AIT) reported Q3 EPS of $1.02, $0.01 better than the analyst estimate of $1.01. Revenue for the quarter came in at $830.8 million versus the consensus estimate of $858.98 million.

Outlook:
Due to the evolving and highly uncertain impact of the COVID-19... More