Investing.com - Parker-Hannifin (NYSE:PH) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Parker-Hannifin announced earnings per share of $3.44 on revenue of $3.41B. Analysts polled by Investing.com anticipated EPS of $2.6 on revenue of $3.21B.
Parker-Hannifin shares are down 0% from the beginning of the year, still down 7.69% from its 52 week high of $293.80 set on January 14. They are under-performing the S&P 500 which is up 1.97% from the start of the year.
Parker-Hannifin shares gained 5.82% 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 beat by Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Air Products had missed expectations on Thursday with first quarter EPS of $2.12 on revenue of $2.38B, compared to forecast for EPS of $2.18 on revenue of $2.35B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar