CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Thursday reported fiscal second-quarter earnings of $80.5 million.
On a per-share basis, the Cleveland-based company said it had profit of $2.05.
The industrial products company posted revenue of $1.06 billion in the period.
Applied Industrial Technologies expects full-year earnings to be $8.10 to $8.50 per share.
Applied Industrial Technologies shares have dropped 3% since the beginning of the year. The stock has climbed 26% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News