Recap: Applied Industrial Q3 Earnings

Applied Industrial AIT reported its Q3 earnings results on Thursday, April 28, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Applied Industrial beat estimated earnings by 25.17%, reporting an EPS of $1.89 versus an estimate of $1.51.

Revenue was up $139.72 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.47 which was followed by a 0.43% increase in the share price the next day.

Here's a look at Applied Industrial's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Applied Industrial management provided guidance for FY 2022, expecting earnings between $6.15 and $6.25 per share.

To track all earnings releases for Applied Industrial visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.