Applied Industrial (NYSE:AIT) reported its Q4 earnings results on Thursday, August 11, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Earnings

Applied Industrial beat estimated earnings by 34.94%, reporting an EPS of $2.24 versus an estimate of $1.66.

Revenue was up $165.11 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.38 which was followed by a 0.28% drop in the share price the next day.

Here's a look at Applied Industrial's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Applied Industrial management provided guidance for FY 2023, expecting earnings between $6.65 and $7.3 per share.

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.