Skip to main content

Applied Industrial Technologies: Fiscal Q2 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Tuesday reported fiscal second-quarter earnings of $95.3 million.

On a per-share basis, the Cleveland-based company said it had net income of $2.51.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.

The industrial products company posted revenue of $1.16 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.

Applied Industrial Technologies expects full-year earnings in the range of $10.45 to $10.75 per share.

Applied Industrial Technologies shares have risen almost 10% since the beginning of the year. The stock has increased 8% in the last 12 months.

_____

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.
Read Next Story