Parker-Hannifin (PH) Tops Q1 EPS by 31c, Updates Guidance

Parker-Hannifin (NYSE: PH) reported Q1 EPS of $2.84, $0.31 better than the analyst estimate of $2.53. Revenue for the quarter came in at $3.48 billion versus the consensus estimate of $3.54 billion.

GUIDANCE:

Parker-Hannifin sees FY2019 EPS of $11.10-$11.70, versus the consensus of $11.42.

Guidance assumes organic sales growth in the range of 2.5% to 5.3%.

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

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