Parker Hannifin Q1 Adj. EPS $5.96 Beats $5.31 Estimate, Sales $4.85B Miss $4.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin (NYSE:PH) reported Q1 adjusted earnings of $5.96 per share, beating the analyst consensus estimate of $5.31 by 12.24%. This is a 25.74% increase from the same period last year. However, the company's quarterly sales of $4.85 billion missed the analyst consensus estimate of $4.88 billion by 0.68%, though it's a 14.51% increase from last year.
November 02, 2023 | 11:35 am
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Parker Hannifin's Q1 earnings beat estimates but sales missed, indicating mixed financial performance.
Parker Hannifin's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100