Parker Hannifin Corp. (PH) reported a third quarter profit of $2.01 per share Tuesday morning, up from $1.68 per share in the prior year period. The consensus estimate was for EPS of $1.71. The company also increased its full year 2012 guidance for earnings from continuing operations to between $7.30 and $7.50 per share from prior guidance of $6.90 to $7.30 per share.
Parker Hannifin gapped up sharply Tuesday and rose steadily until mid-morning. The stock took out the session highs around mid-afternoon and closed up by 7.02 at $87.96, with volume at over an 8-month high. Parker Hannifin surged to a one-month high and re-crossed its 50-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.