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Parker-Hannifin: Fiscal Q2 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Parker-Hannifin Corp. (PH) on Thursday reported fiscal second-quarter net income of $845 million.

The Cleveland-based company said it had net income of $6.60 per share. Earnings, adjusted for one-time gains and costs, were $7.65 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $7.15 per share.

The maker of motion and control products posted revenue of $5.17 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $5.04 billion.

Parker-Hannifin expects full-year earnings in the range of $30.40 to $31 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PH at https://www.zacks.com/ap/PH

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