Parker-Hannifin: Fiscal Q1 Earnings Snapshot

CLEVELAND (AP) — CLEVELAND (AP) — Parker-Hannifin Corp. (PH) on Thursday reported fiscal first-quarter profit of $650.8 million.

The Cleveland-based company said it had profit of $4.99 per share. Earnings, adjusted for one-time gains and costs, were $5.96 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.33 per share.

The maker of motion and control products posted revenue of $4.85 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $4.89 billion.

Parker-Hannifin expects full-year earnings in the range of $22.60 to $23.40 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PH at https://www.zacks.com/ap/PH