Parker Hannifin Corp. (PH) Reports Strong Q1 Earnings; Raises FY12 Outlook

Parker Hannifin Corp. (NYSE: PH) reported Q1 EPS of $1.91, $0.22 better than the analyst estimate of $1.69. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.2 billion.

Parker Hannifin Corp. sees FY2012 EPS of $7.25-$7.85, versus the consensus of $7.01. The company previously guided $6.70-$7.50.

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