Investing.com - Parker-Hannifin (NYSE:PH) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $5.16 on revenue of $4.19B. Analysts polled by Investing.com anticipated EPS of $4.68 on revenue of $4.07B.
Parker-Hannifin shares are down 8% from the beginning of the year and are trading at $290.06 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% 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, July 26, 2022, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar