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Parker Hannifin Corp Issues FY 2014 EPS Guidance In Line With Analysts' Estimates


Tuesday, 6 Aug 2013 07:30am EDT 

Parker Hannifin Corp announced that for fiscal 2014, it expects earnings from continuing operations in the range of $7.35 to $8.15 per diluted share. Fiscal 2014 guidance includes an expected gain of approximately $1.50 per diluted share associated with a previously announced joint venture agreement between Parker Aerospace and GE Aviation and expenses related to possible restructuring of approximately $100 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $7.37 for fiscal 2014. 

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