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Parker-Hannifin: Fiscal Q1 Earnings Snapshot
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CLEVELAND (AP) — CLEVELAND (AP) — Parker-Hannifin Corp. (PH) on Thursday reported fiscal first-quarter net income of $884 million.

The Cleveland-based company said it had net income of $6.92 per share. Earnings, adjusted for one-time gains and costs, came to $8.90 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $8.23 per share.

The maker of motion and control products posted revenue of $5.99 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.82 billion.

Parker-Hannifin expects full-year earnings in the range of $36.45 to $37.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PH at https://www.zacks.com/ap/PH

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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