Key Points
Nov 2 (Reuters) - Motion and control technologies manufacturer Parker Hannifin (PH.N) raised its full-year profit forecast on Thursday, after sales of its aerospace systems almost doubled in the first quarter...
Parker now expects annual earnings per share between $18.73 and $19.53, compared with its previous estimate of $18.05 to $19.05...
The company's aerospace systems segment, which makes flight control, hydraulic, fuel-inerting and thermal-management parts, posted quarterly sales growth of 90% to $1.3 billion...
The Cuyahoga, Ohio-based company reported an adjusted profit of $5.96 per share for the quarter ended Sept. 30, compared with $5.33 estimated by analysts, according to LSEG data...
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