Parker-Hannifin (PH) Misses Q4 EPS by 44c, FY16 Guidance Falls Short
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Parker Reports Fiscal 2015 Fourth Quarter and Full Year Results
August 4, 2015 7:30 AM EDTCLEVELAND, Aug. 4, 2015 /PRNewswire/ -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2015 fourth quarter and full year ended June 30, 2015. Fiscal 2015 fourth quarter sales were $3.14 billion, compared with $3.53 billion in the same period a year ago, reflecting the effect of currency rate changes and weak end market demand. Fiscal 2015 fourth quarter net income was $179.6 million, compared with $301.2 million in the prior year quarter. Fiscal 2015 fourth quarter earnings per share were $1.27, compared with $1.98 per share in the prior year quarter. Adjusted earnings per... More
