Parker Reports Fiscal 2019 Third Quarter Results
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Parker-Hannifin (PH) Tops Q3 EPS by 16c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Below Consensus
May 2, 2019 7:33 AM EDTParker-Hannifin (NYSE: PH) reported Q3 EPS of $3.17, $0.16 better than the analyst estimate of $3.01. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.71 billion.
EPS reached an all-time quarterly record at $3.14 as reported, or $3.17 adjustedSegment operating margin was an all-time record at 17.1% as reported, or 17.2% adjustedThird quarter sales were $3.69 billion, with organic growth of 2% offset by currency... More