Applied Industrial (NYSE:AIT) reported its Q1 earnings results on Thursday, October 27, 2022 at 06:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Applied Industrial beat estimated earnings by 31.9%, reporting an EPS of $2.15 versus an estimate of $1.63.
Revenue was up $170.32 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.58 which was followed by a 4.32% drop in the share price the next day.
Here’s a look at Applied Industrial’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.66 | 1.51 | 1.08 | 1.26 |
| EPS Actual | 2.24 | 1.89 | 1.55 | 1.43 |
| Revenue Estimate | 977.43M | 926.32M | 850.87M | 877.00M |
| Revenue Actual | 1.06B | 980.66M | 876.90M | 891.68M |
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.
