Applied Industrial Technologies (AIT: Quote) reported fourth quarter net income of $0.75 per share Thursday morning, up from $0.65 per share in the previous year. The consensus estimate was for EPS of $0.71.
Applied Industrial Technologies rose sharply in the first half hour of trade Thursday, but settled into a narrow range for the remainder of the session. The stock closed up by 3.15 at $41.29 on above average volume and set a 4-month high.
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by RTT Staff Writer
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