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.

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.

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:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.08	1.26	1.15	1.03
EPS Actual	1.55	1.43	1.44	1.37
Revenue Estimate	850.87M	877.00M	841.55M	814.90M
Revenue Actual	876.90M	891.68M	895.89M	840.94M

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).

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.

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