Recap: Applied Industrial Q4 Earnings - Applied Industrial Techs (NYSE:AIT)

Applied Industrial 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.

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.

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:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	1.51	1.08	1.26	1.15
EPS Actual	1.89	1.55	1.43	1.44
Revenue Estimate	926.32M	850.87M	877.00M	841.55M
Revenue Actual	980.66M	876.90M	891.68M	895.89M

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).

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.