Applied Industrial (NYSE:AIT) reported quarterly earnings of $2.51 per share which beat the analyst consensus estimate of $2.49 by 0.92 percent. This is a 5.02 percent increase over earnings of $2.39 per share from the same period last year. The company reported quarterly sales of $1.163 billion which missed the analyst consensus estimate of $1.169 billion by 0.50 percent. This is a 8.39 percent increase over sales of $1.073 billion the same period last year.