Benzinga | Aug 12, 2020 06:31AM EDT

Applied Industrial Tech Q4 Adj. EPS $0.80 Beats $0.68 Estimate, Sales $725.10M Miss $739.39M Estimate

Applied Industrial Tech (NYSE:AIT) reported quarterly earnings of $0.80 per share which beat the analyst consensus estimate of $0.68 by 17.65 percent. This is a 33.33 percent decrease over earnings of $1.20 per share from the same period last year. The company reported quarterly sales of $725.10 million which missed the analyst consensus estimate of $739.39 million by 1.93 percent. This is a 17.86 percent decrease over sales of $882.74 million the same period last year.