Investing.com - Parker-Hannifin reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $4.46 on revenue of $3.82B. Analysts polled by Investing.com anticipated EPS of $3.92 on revenue of $3.71B.
Parker-Hannifin shares are down 5.66% from the beginning of the year and are trading at $318.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 3.71% from the start of the year.
Parker-Hannifin shares lost 0.53% 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 Tuesday, who reported EPS of $3.59 on revenue of $27.85B, compared to forecasts EPS of $3.09 on revenue of $27.06B.
Union Pacific had beat expectations on January 20 with fourth quarter EPS of $2.66 on revenue of $5.73B, compared to forecast for EPS of $2.61 on revenue of $5.6B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar