Parker Hannifin Corp. Q4 Earnings Advance 29%

(RTTNews) - Parker Hannifin Corp. (PH) released a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line climbed to $259.74 million, or $1.90 per share. This was up from $201.63 million, or $1.43 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.7% to $2.96 billion. This was down from $3.14 billion last year.

Parker Hannifin Corp. earnings at a glance:

-Earnings (Q4): $259.74 Mln. vs. $201.63 Mln. last year. -Earnings Growth (Y-o-Y): 28.8% -EPS (Q4): $1.90 vs. $1.43 last year. -EPS Growth (Y-o-Y): 32.9% -Analysts Estimate: $1.75 -Revenue (Q4): $2.96 Bln vs. $3.14 Bln last year. -Revenue Change (Y-o-Y): -5.7%

-Guidance: Full year EPS guidance: $6.40 - $7.10