CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Thursday reported fiscal second-quarter profit of $91.2 million.
The Cleveland-based company said it had profit of $2.32 per share. Earnings, adjusted for non-recurring gains, were $2.24 per share.
The industrial products company posted revenue of $1.08 billion in the period.
Applied Industrial Technologies expects full-year earnings in the range of $9.35 to $9.70 per share.
Applied Industrial Technologies shares have risen nearly 2% since the beginning of the year. The stock has increased 44% in the last 12 months.
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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