Investing.com - Parker-Hannifin (NYSE:PH) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $3.07 on revenue of $3.23B. Analysts polled by Investing.com anticipated EPS of $2.33 on revenue of $2.98B.
Parker-Hannifin shares are up 5% from the beginning of the year, still down 4.69% from its 52 week high of $228.67 set on October 23. They are under-performing the S&P 500 which is up 6.58% from the start of the year.
Parker-Hannifin follows other major Basic Materials sector earnings this month
Parker-Hannifin's report follows an earnings beat by Sherwin-Williams on October 27, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on October 28 with third quarter EPS of $0.63 on revenue of $10.76B, compared to forecast for EPS of $0.64 on revenue of $10.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar