Parker Hannifin Corp. Q1 Income Advances

(RTTNews) - Parker Hannifin Corp. (PH) released a profit for its first quarter that advanced from the same period last year.

The company's profit totaled $375.71 million, or $2.79 per share. This compares with $285.39 million, or $2.10 per share, in last year's first quarter.

Analysts had expected the company to earn $2.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.6% to $3.48 billion from $3.36 billion last year.

Parker Hannifin Corp. earnings at a glance:

-Earnings (Q1): $375.71 Mln. vs. $285.39 Mln. last year. -EPS (Q1): $2.79 vs. $2.10 last year. -Analysts Estimate: $2.53 -Revenue (Q1): $3.48 Bln vs. $3.36 Bln last year.

-Guidance: Full year EPS guidance: $11.10 - $11.70