CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Tuesday reported fiscal fourth-quarter net income of $59.2 million.

On a per-share basis, the Cleveland-based company said it had profit of $1.51.

The industrial products company posted revenue of $895.9 million in the period.

For the year, the company reported profit of $144.8 million, or $3.68 per share. Revenue was reported as $3.24 billion.

Applied Industrial Technologies expects full-year earnings to be $5 to $5.40 per share.

Applied Industrial Technologies shares have increased 14% since the beginning of the year. The stock has risen 40% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News