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Parker Hannifin Corp Reaffirms FY 2013 EPS Guidance

Friday, 18 Jan 2013 07:30am EST 

Parker Hannifin Corp maintained fiscal 2013 guidance and expects earnings from continuing operations in the range of $6.15-$6.75 per diluted share (EPS). Fiscal 2013 guidance includes an expected year-over-year increase in domestic qualified pension expense of approximately $0.35 per diluted share due to accounting regulations which require the use of a lower discount rate based on current market conditions. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $6.40 for fiscal 2013. 

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