01.02.2024 14:20:16 - dpa-AFX: Parker-Hannifin Lifts Annual Earnings Outlook Above View; Stock Up Nearly 6% In Pre-Market

WASHINGTON (dpa-AFX) - Parker-Hannifin Corporation (PH), a maker of motion
and control systems, on Thursday announced in its second-quarter earnings report
that it has revised up its full-year earnings guidance.

For the full year, the company now expects net income per share of $20 to $20.60
against its previous outlook of $18.73 to $19.53.

Excluding items, PH now projects income per share of $23.90 to $24.50, higher
than its earlier outlook of $22.60 to $23.40.

On average, 19 analysts polled by Thomson Reuters expect the company to register
income per share of $23.3, for the year. Analysts' estimates typically exclude
special items.

The equipment maker now expects an annual total sales growth of 3 percent to 5
percent against its previous outlook of 2.5 percent to 5.5 percent.

Analysts, on average, expect the firm to report revenue of $19.92 billion, for
the year.

PH was trading up by $5.89 percent at $491.86 per share in the pre-market trade
on the New York Stock Exchange.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
PARKER-HANNIFIN DL-,50 855950 Frankfurt 492,300 03.05.24 08:06:31 -18,100 -3,55% 0,000 0,000 492,300 492,300

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