Benzinga | Nov 5, 2020 07:58AM EST

Parker Hannifin Q1 Adj. EPS $3.07 Beats $2.34 Estimate, Sales $3.23B Beat $2.98B Estimate

Parker Hannifin (NYSE:PH) reported quarterly earnings of $3.07 per share which beat the analyst consensus estimate of $2.34 by 31.2 percent. This is a 11.23 percent increase over earnings of $2.76 per share from the same period last year. The company reported quarterly sales of $3.23 billion which beat the analyst consensus estimate of $2.98 billion by 8.39 percent. This is a 3.15 percent decrease over sales of $3.33 billion the same period last year.