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Applied Industrial Technologies: Fiscal Q3 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Tuesday reported fiscal third-quarter earnings of $99.8 million.

On a per-share basis, the Cleveland-based company said it had profit of $2.65.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.

The industrial products company posted revenue of $1.25 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.

Applied Industrial Technologies shares have increased 16% since the beginning of the year. The stock has risen 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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