Parker-Hannifin: Fiscal Second Quarter Earnings Overview

Parker-Hannifin Exceeds Earnings Expectations in Second Quarter

Parker-Hannifin Corp., headquartered in Cleveland, announced on Thursday that its net profit for the fiscal second quarter reached $845 million.

The company reported earnings of $6.60 per share, while adjusted earnings—which exclude certain one-time items—came in at $7.65 per share.

These results outperformed analyst projections, as the consensus among 11 analysts polled by Zacks Investment Research was $7.15 per share.

During the quarter, Parker-Hannifin generated $5.17 billion in revenue, surpassing the $5.04 billion anticipated by nine Zacks analysts.

Looking ahead, the company forecasts its full-year earnings to fall between $30.40 and $31 per share.

This article was produced by Automated Insights using data from Zacks Investment Research.