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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Parker Hannifin Corp | NYSE:PH | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 5.50 | 1.04% | 536.18 | 547.345 | 532.54 | 536.49 | 970,081 | 01:00:00 |
From May 2019 to May 2024
By Dave Sebastian
Parker-Hannifin Corp. (PH) said its first-quarter profit rose, though revenue fell.
The motion-and-control-technology company posted net income of $338.9 million, or $2.60 a share, compared with $375.7 million, or $2.79 a share, in the same quarter last year. Analysts polled by FactSet were expecting $2.61 a share.
On an adjusted basis, earnings were $2.76 a share, compared with $2.84 a share a year earlier. Analysts were looking for $2.66 a share.
Revenue for the quarter was $3.33 billion, compared with $3.48 billion a year ago. Analysts were expecting $3.33 billion.
On an organic basis, sales declined 3%, the company said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 31, 2019 07:58 ET (11:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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