Parker Hannifin Corp. Q4 Profit Increases, beats estimates

(RTTNews) - Parker Hannifin Corp. (PH) revealed earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $708.96 million, or $5.44 per share. This compares with $128.83 million, or $0.99 per share, in last year's fourth quarter.

Excluding items, Parker Hannifin Corp. reported adjusted earnings of $791.4 million or $6.08 per share for the period.

Analysts on average had expected the company to earn $5.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.7% to $5.096 billion from $4.188 billion last year.

Parker Hannifin Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $708.96 Mln. vs. $128.83 Mln. last year. -EPS (Q4): $5.44 vs. $0.99 last year. -Analyst Estimate: $5.48 -Revenue (Q4): $5.096 Bln vs. $4.188 Bln last year.