Applied Industrial Technologies (AIT) Tops Q2 Earnings Estimates

Applied Industrial Technologies (AIT) came out with quarterly earnings of 2.51pershare,beatingtheZacksConsensusEstimateof2.51 per share, beating the Zacks Consensus Estimate of 2.48 per share. This compares to earnings of 2.39pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof+1.412.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.41%. A quarter ago, it was expected that this industrial products company would post earnings of 2.47 per share when it actually produced earnings of $2.63, delivering a surprise of +6.48%.Over t ...