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via finance.yahoo.comBusiness & Companies

Applied Industrial Technologies: fiscal Q1 EPS beats, revenue misses

FROM THE WIRE · FINANCE.YAHOO.COM

CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Tuesday reported fiscal first-quarter net income of $110.4 million. On a per-share basis, the Cleveland-based company said it had net income of $2.97. The results topped Wall Street expectations. The…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMixed results for a mid-sized industrial: EPS ahead of estimates, revenue below expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fiscal first-quarter net income was $110.4 million.
  2. 02Earnings per share were $2.97, versus an estimate of $2.86.
  3. 03Revenue of $1.29 billion did not meet Street forecasts.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Applied Industrial Technologies, Inc.AITStock324.68 USDMarket closedtoday +2.42%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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