Parker-Hannifin (PH) Tops Q4 EPS by 20c; Issues FY20 EPS Outlook
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Parker Reports Fiscal 2019 Fourth Quarter and Full Year Results and Issues Fiscal 2020 Guidance
August 1, 2019 7:31 AM EDTFourth quarter EPS an all-time quarterly record at $3.17 as reported, or $3.31 adjusted
Fourth quarter total segment operating margin an all-time quarterly record at 17.4% as reportedFull year sales a record at $14.32 billionFull year total segment operating margin a record at 17.0%Full year operating cash flow a record at $1.73 billionFull year EBITDA margin was 17.9% as reported, or 18.2% adjusted Announced two transformational acquisitions expected to add ~$1.5 billion in revenue
CLEVELAND, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH),... More