BofA/Merrill Lynch Downgrades Parker-Hannifin (PH) to Neutral
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Parker Reports Fiscal 2016 First Quarter Results
October 22, 2015 7:34 AM EDTFirst quarter EPS $1.41 as reported, or $1.52 adjusted for business realignmentSales decreased 12 percent, impacted by currency and weakness in global end marketsSimplification efforts drive excellent margin performance Company revises fiscal 2016 full year guidance
CLEVELAND, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2016 first quarter ended September 30, 2015. Fiscal 2016 first quarter sales were $2.87 billion, compared with $3.27 billion in the prior year quarter. Net income was $195.0 million compared with $280.2 million in... More
