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 $4.83 on revenue of $4.09B. Analysts polled by Investing.com anticipated EPS of $4.65 on revenue of $4.07B.
Parker-Hannifin shares are down 8% from the beginning of the year and are trading at $290.58 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.78% from the start of the year.
Parker-Hannifin follows other major Industrials sector earnings this month
Parker-Hannifin's report follows an earnings beat by United Parcel Service on Tuesday, April 26, 2022, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on Thursday, April 21, 2022 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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