Parker Hannifin Surges on Profit Forecast in Recovery

From Bloomberg BusinessWeek: Parker Hannifin Corp., a maker of valves and pumps used in factory equipment, rose the third most of any stock in the Standard & Poor’s 500 Index after boosting its annual profit forecast amid a rebound in U.S. manufacturing.

Full-year earnings from continuing operations will be as much as $5.80 a share, the company said today, up from an August projection of at most $4.40. Profit more than tripled to $1.51 a share in the quarter ended Sept. 30, exceeding analysts’ average estimate of $1.06.

To read the full release please click here:
Parker Hannifin Surges on Profit Forecast in Recovery

Yours,
Berlin Technologies