Applied Industrial (NYSE:AIT) reported quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.65 by 5.7 percent. This is a 6.06 percent increase over earnings of $2.64 per share from the same period last year. The company reported quarterly sales of $1.225 billion which beat the analyst consensus estimate of $1.183 billion by 3.53 percent. This is a 5.51 percent increase over sales of $1.161 billion the same period last year.