Your email has been successfully added to our mailing list.

×
0.00118778497260432 0.00149431012682473 0.00114985248476948 0.00153262577110225 0.00517261197747049 0.00517261197747049 0.00517261197747049 0.00517261197747049
Stock impact report

Why Applied Industrial (AIT) Shares Are Getting Obliterated Today [Yahoo! Finance]

Applied Industrial Technologies, Inc. (AIT) 
Last applied industrial technologies, inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.applied.com/home
Company Research Source: Yahoo! Finance
results that showed signs of slowing growth, which overshadowed a slight earnings beat. The industrial products distributor posted revenue of $1.16 billion, an increase of 8.4% year-over-year but just shy of Wall Street's $1.17 billion estimate. While its GAAP earnings per share of $2.51 narrowly beat expectations by $0.02, investors appeared more focused on other areas. Specifically, organic revenue grew by only 2.2%, a result that missed estimates and pointed to weaker underlying demand. Additionally, Adjusted EBITDA of $140.4 million also fell short of the consensus forecast. Even though the company's full-year profit guidance was in line with analyst projections, the market's negative reaction suggested that concerns about the revenue miss and sluggish organic growth were paramount. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Applied Industrial? Access our full analysis report here, Show less Read more
Impact Snapshot
Event Time:
AIT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for AIT alerts
Opt-in for
AIT alerts

from News Quantified
Opt-in for
AIT alerts

from News Quantified