Applied Industrial (NYSE:AIT) reported quarterly earnings of $2.65 per share which met the analyst consensus estimate. This is a 3.11 percent increase over earnings of $2.57 per share from the same period last year. The company reported quarterly sales of $1.251 billion which beat the analyst consensus estimate of $1.225 billion by 2.11 percent. This is a 7.22 percent increase over sales of $1.167 billion the same period last year.