Benzinga | Oct 28, 2020 06:35AM EDT

Applied Industrial Tech Q1 EPS $0.89 Beats $0.62 Estimate, Sales $747.80M Beat $724.22M Estimate

Applied Industrial Tech (NYSE:AIT) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.62 by 43.55 percent. This is a 12.75 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $747.80 million which beat the analyst consensus estimate of $724.22 million by 3.26 percent. This is a 12.68 percent decrease over sales of $856.40 million the same period last year.