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Applied Industrial Tech posts better-than-expected 3Q profit, raises full-year outlook

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Applied Industrial Tech posts better-than-expected 3Q profit, raises full-year outlook Posted: Apr 22, 2010 7:47 PM
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Original Post: Applied Industrial Tech posts better-than-expected 3Q profit, raises full-year outlook
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Applied Industrial Tech's 3Q profit jumps 43 pct CLEVELAND — Industrial parts distributor Applied Industrial Technologies Inc. said Thursday its fiscal third-quarter profit rose a better-than-expected 43 percent, and raised its expectations for the year. The company said that while year-ago comparisons were relatively easy to improve upon, it was encouraged to see "broad-scale activity" in the .... Source  : Gaea News Network.

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