Parker Hannifin Q4 Adj EPS $6.08 Beats $5.50 Estimate, Sales $5.09B Beat $5.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin (NYSE:PH) reported Q4 adjusted earnings of $6.08 per share, beating the analyst consensus estimate of $5.50 by 10.55%. This is a 17.83% increase from the same period last year. The company also reported quarterly sales of $5.09 billion, beating the analyst consensus estimate of $5.01 billion by 1.70%. This is a 21.66% increase from the same period last year.
August 04, 2023 | 1:01 pm
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POSITIVE IMPACT
Parker Hannifin's Q4 earnings and sales exceeded estimates, indicating strong financial performance.
Parker Hannifin's Q4 earnings and sales beat estimates, which is a positive signal for investors. This could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100