Jan 30, 2025
Why Parker-Hannifin (PH) Stock Is Up Today
Shares of industrial machinery company Parker-Hannifin (NYSE:PH) jumped 6.2% in the morning session after the company reported strong fourth quarter results, which beat analysts' EPS expectations despite a revenue miss. Demand indicators improved, especially in the Aerospace segment, and overall order rate increased across the board. The company then reiterated its previous full-year EPS guidance, demonstrating a focus on balancing growth and profits. Overall, this was a decent quarter.