Applied Industrial Q4 2024 GAAP EPS $2.64 Beats $2.52 Estimate, Sales $1.160B Miss $1.185B Estimate
Portfolio Pulse from Benzinga Newsdesk
Applied Industrial (NYSE: AIT) reported Q4 2024 GAAP EPS of $2.64, beating the estimate of $2.52. However, sales of $1.160 billion missed the estimate of $1.185 billion. EPS increased by 12.34% year-over-year, while sales saw a marginal increase of 0.17%.
August 15, 2024 | 10:33 am
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Applied Industrial (NYSE: AIT) reported Q4 2024 GAAP EPS of $2.64, beating the estimate of $2.52. However, sales of $1.160 billion missed the estimate of $1.185 billion. EPS increased by 12.34% year-over-year, while sales saw a marginal increase of 0.17%.
The positive EPS surprise and significant year-over-year growth in EPS are likely to have a positive short-term impact on AIT's stock price. However, the sales miss and marginal sales growth may temper the enthusiasm.
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