Parker Hannifin Corp. Q2 Earnings Decline 24%

(RTTNews) - Parker Hannifin Corp. (PH) announced a profit for second quarter that fell from last year.

The company said its profit came in at $208.60 million, or $1.52 per share. This was down from $273.79 million, or $1.84 per share, in last year's second quarter.

The company said revenue for the quarter fell 13.4% to $2.71 billion. This was down from $3.13 billion last year.

Parker Hannifin Corp. earnings at a glance:

-Earnings (Q2): $208.60 Mln. vs. $273.79 Mln. last year. -Earnings Decline (Y-o-Y): -23.8% -EPS (Q2): $1.52 vs. $1.84 last year. -EPS Decline (Y-o-Y): -17.4% -Revenue (Q2): $2.71 Bln vs. $3.13 Bln last year. -Revenue Change (Y-o-Y): -13.4%

-Guidance: Full year EPS guidance: $5.90 to $6.30