Investing.com - Parker-Hannifin (NYSE:PH) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $4.11 on revenue of $3.75B. Analysts polled by Investing.com anticipated EPS of $3.77 on revenue of $3.73B.
Parker-Hannifin shares are up 18% from the beginning of the year and are trading at $320.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Parker-Hannifin shares gained 0.33% in pre-market trade the report.
Parker-Hannifin follows other major Basic Materials sector earnings this month
Parker-Hannifin's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
BASF ADR had beat expectations on Wednesday with first quarter EPS of $0.6045 on revenue of $23.45B, compared to forecast for EPS of $0.59 on revenue of $20.6B.
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