Parker Hannifin fiscal Q4 profit plummets 80%

07/31/2009 | Boston Globe (tiered subscription model), The

Parker Hannifin Corp. posted net earnings of $49.5 million for the fiscal fourth quarter, an 80% drop from the same period last year. However, the company's earnings of 31 cents per share exceeded analysts' predictions of 22 cents per share. Sales at the manufacturer of motion and control technologies declined 34% for the quarter.

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