Parker Reports Fiscal 2016 Second Quarter Results

Go back to Parker Reports Fiscal 2016 Second Quarter Results

Parker-Hannifin (PH) Shares Pressured During Earnings Call

January 26, 2016 11:27 AM EST

Parker-Hannifin (NYSE: PH) weakened during its earnings call, which began at 11 a.m. ET.

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Parker-Hannifin (PH) Tops Q2 EPS; Maintains Outlook

January 26, 2016 7:34 AM EST

Parker-Hannifin (NYSE: PH) reported Q2 adjusted EPS of $1.52, $0.34 better than the analyst estimate of $1.18. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.69 billion.

We have taken purposeful action in managing our cost structure to reflect challenging global market conditions, said Chairman and Chief Executive Officer Tom Williams. Continued weakness, stemming from natural... More