Investing.com - Parker-Hannifin reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $4.74 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $4.18 on revenue of $3.93B.
Parker-Hannifin shares are down 39.61% from the beginning of the year and are trading at $284.02 , down-from-52-week-high.
Parker-Hannifin shares gained 0.17% in pre-market trade the report.
Parker-Hannifin follows other major Industrials sector earnings this month
Parker-Hannifin's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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