Parker-Hannifin Stock Jumps 11% as Strong Aerospace Sales Boost Earnings
PHParker(PH) Investopedia·2024-08-09 05:26

Key Takeaways Parker-Hannifin shares were among the top gainers on the S&P 500 after the electronic equipment maker reported strong quarterly results. Demand in aerospace services helped the company beat sales and profit estimates, despite softness in diversified industrials. The earnings report wrapped up Parker-Hannifin's fiscal 2024, and the firm forecasts sustained organic sales growth in the year ahead. Shares of electronic equipment manufacturer Parker-Hannifin (PH) soared 11% Thursday after the elect ...