Applied Industrial Technologies (AIT) reported fiscal Q3 earnings Thursday of $2.57 per diluted share, up from $2.48 a year earlier.
Four analysts surveyed by FactSet expected $2.40.
Revenue for the quarter ended March 31 was $1.17 billion, up from $1.15 billion a year earlier.
Analysts surveyed by FactSet expected $1.17 billion.
For fiscal 2025, the company revised its earnings outlook to now be between $9.85 and $10 from its previous outlook of between $9.65 and $10.05.
Analysts polled by FactSet expect $9.93.
Shares of the company were down more than 2% in recent premarket activity Thursday.
Price: 236.75, Change: -6.53, Percent Change: -2.68
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