CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Wednesday reported fiscal first-quarter earnings of $53 million.
The Cleveland-based company said it had net income of $1.36 per share.
The industrial products company posted revenue of $891.7 million in the period.
Applied Industrial Technologies expects full-year earnings to be $5 to $5.40 per share.
Applied Industrial Technologies shares have risen 30% since the beginning of the year. The stock has increased 67% in the last 12 months.
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