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 EPS of $1.65 on revenue of $989.6M.
Applied Industrial Technologies 's are down 4% and is trading at $116.78 , still down 3.65% from its 52 week high of $121.20 set on Thursday, August 11, 2022.
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, 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, for EPS of $1.14 on revenue of $17.31B.
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