Parker-Hannifin Reports Q1 Profit of $808M, Exceeds Expectations

Parker-Hannifin Corp. reported Q1 profit of $808 million, exceeding analyst expectations. Net income was $6.29 per share, and earnings adjusted for one-time gains and costs were $7.22 per share. The company's revenue was $5.08 billion, also exceeding forecasts. Parker-Hannifin expects full-year earnings to be between $29.60 and $30.40 per share.