Jan. 28 at 5:54 PM
$AIT beats earnings but misses on revenue — what's driving the mixed results? 🤔
Earnings rose to
$2.51 per share, beating estimates, while revenue fell short at
$1.16B despite an 8.4% year-over-year increase. Acquisitions boosted sales by 6%, but organic sales increased 2.2% YoY. 📉
Find out the full story here 👉 https://www.zacks.com/stock/news/2824485/applied-industrial-q2-earnings-surpass-estimates-revenues-miss?cid=sm-stocktwits-2-2824485-body-30776&ADID=SYND_STOCKTWITS_TWEET_2_2824485_BODY_30776