Applied Industrial Technologies Reports Fiscal 2021 First Quarter Results

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Applied Industrial Technologies (AIT) Tops Q1 EPS by 27c

October 28, 2020 6:31 AM EDT

Applied Industrial Technologies (NYSE: AIT) reported Q1 EPS of $0.89, $0.27 better than the analyst estimate of $0.62. Revenue for the quarter came in at $747.8 million versus the consensus estimate of $724.22 million.

Outlook:
Due to ongoing uncertainty from the COVID-19 pandemic, the Company... More