Investing.com - Applied Industrial Technologies reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Industrial Technologies announced earnings per share of $1.97 on revenue of $1.06. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $989.6M.
Applied Industrial Technologies shares are down 4% from the beginning of the year and are trading at $116.78 , down-from-52-week-high.
Applied Industrial Technologies follows other major Industrials sector earnings this month
Applied Industrial Technologies's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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