Parker Hannifin 2Q earnings fall, but beat view

Published on NewsOK Modified: January 18, 2013 at 8:04 am •  Published: January 18, 2013

Total orders slipped 2 percent. The company reported a 6 percent decline in orders for its industrial North America segment and a 5 percent drop in orders for its industrial international business. Orders rose 1 percent for both its aerospace and climate and industrial controls divisions.

Parker Hannifin Corp. still expects fiscal 2013 earnings of $6.15 to $6.75 per share.

Analysts forecast earnings of $6.41 per share.

The Cleveland company's shares gained $2.23, or 2.4 percent, to $93.59 about a half-hour before the market open.