Applied Industrial gains on upbeat profit forecast, Q4 results beat

Applied Industrial Technologies

10/08/2023 19:17

** Shares of Applied Industrial Technologies  AIT.N  up 7.9%
at $153.21
    ** Co sees fiscal 2024 EPS in the range of $8.80 to $9.55;
midpoint ahead of analysts' ests of $8.65 per share 
    ** Reports Q4 profit of $2.35 per share, above analysts'
ests of $2.17 per share - Refinitiv 
    ** Posts Q4 revenue of $1.16 bln, topping expectations of
$1.12 bln
    ** AIT shares up 20.9% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))