Parker Hannifin Corp. (PH) released earnings for its first quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $808 million, or $6.29 per share. This compares with $698 million, or $5.34 per share, last year.
Excluding items, Parker Hannifin Corp. reported adjusted earnings of $927 million or $7.22 per share for the period.
Analysts on average had expected the company to earn $6.62 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.7% to $5.084 billion from $4.904 billion last year.
Parker Hannifin Corp. earnings at a glance (GAAP) :
-Earnings: $808 Mln. vs. $698 Mln. last year.-EPS: $6.29 vs. $5.34 last year.-Revenue: $5.084 Bln vs. $4.904 Bln last year.
-Guidance:Next quarter EPS guidance: $7.10Full year EPS guidance: $29.60 to $30.40
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.