Parker Hannifin Corp. (PH) Reports Q1 GAAP EPS of $1.61

October 18, 2013 7:35 AM EDT
Parker Hannifin Corp. (NYSE: PH) reported Q1 EPS of $1.61, may not compare to the analyst estimate of $1.48. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.26 billion.

EPS includes about 6 cents in expenses associated with its previously announced restructuring initiatives.

Sees FY2013 EPS of $7.78-$8.38, may not compare to the consensus of $6.53.

Outlook

For the fiscal year ending June 30, 2014, the company has increased guidance for earnings from continuing operations to the range of $7.78 to $8.38 per diluted share. Fiscal 2014 guidance includes expenses of $100 million or $0.47 per diluted share associated with its previously announced restructuring and an expected gain of $1.68 per diluted share associated with a joint venture agreement between Parker Aerospace and GE Aviation to be recorded in the quarter ending December 31, 2013.

For earnings history and earnings-related data on Parker Hannifin Corp. (PH) click here.


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