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 $4.26 on revenue of $3.76B. Analysts polled by Investing.com anticipated EPS of $3.69 on revenue of $3.63B.
Parker-Hannifin shares are up 11% from the beginning of the year, still down 6.34% from its 52 week high of $324.68 set on May 10. They are under-performing the S&P 500 which is up 24.08% from the start of the year.
Parker-Hannifin shares gained 1.29% in pre-market trade following the report.
Parker-Hannifin follows other major Basic Materials sector earnings this month
Parker-Hannifin's report follows an earnings missed by Sherwin-Williams on October 26, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.11 on revenue of $5.09B.
Air Products had beat expectations on Thursday with fourth quarter EPS of $2.51 on revenue of $2.84B, compared to forecast for EPS of $2.49 on revenue of $2.69B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar