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.
Parker Hannifin Surges on Profit Forecast in Recovery
Yours,
Berlin Technologies
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