Applied Industrial Q4 EPS $2.35 Beats $2.17 Estimate, Sales $1.16B Beat $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Industrial (NYSE:AIT) reported Q4 earnings of $2.35 per share, beating the analyst consensus estimate of $2.17 by 8.29%. This is a 4.91% increase from the same period last year. The company also reported quarterly sales of $1.16 billion, beating the analyst consensus estimate of $1.12 billion by 3.39%. This is a 9.14% increase from the same period last year.
August 10, 2023 | 10:36 am
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Applied Industrial's Q4 earnings and sales beat estimates, with earnings per share increasing by 4.91% YoY and sales increasing by 9.14% YoY.
Applied Industrial's earnings and sales for Q4 have both exceeded analyst estimates, which is typically a positive signal for the company's stock. The YoY increases in both earnings per share and sales also indicate strong performance and growth, which could further boost investor confidence and potentially lead to a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100