01.02.2024 13:56:54 - dpa-AFX: Parker Hannifin Corp. Q2 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Parker Hannifin Corp. (PH) announced earnings for its
second quarter that increased from the same period last year and beat the
Street estimates.
The company's earnings totaled $681.851 million, or $5.23 per share. This
compares with $395.237 million, or $3.04 per share, in last year's second
quarter.
Excluding items, Parker Hannifin Corp. reported adjusted earnings of $802.379
million or $6.15 per share for the period.
Analysts on average had expected the company to earn $5.26 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.1% to $4.820 billion from $4.674
billion last year.
Parker Hannifin Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $681.851 Mln. vs. $395.237 Mln. last year.
-EPS (Q2): $5.23 vs. $3.04 last year.
-Analyst Estimate: $5.26
-Revenue (Q2): $4.820 Bln vs. $4.674 Bln last year.
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