Applied Industrial (NYSE:AIT) reported quarterly earnings of $3.17 per share which beat the analyst consensus estimate of $2.91 by 8.93 percent. This is a 13.21 percent increase over earnings of $2.80 per share from the same period last year. The company reported quarterly sales of $1.400 billion which beat the analyst consensus estimate of $1.293 billion by 8.31 percent. This is a 14.29 percent increase over sales of $1.225 billion the same period last year.