October 19, 2012 at 15:25 PM EDT
Parker-Hannifin, Ingersoll-Rand Post Uneven Results
Shares of industrial systems maker Parker-Hannifin (PH) fell sharply after it missed quarterly sales and profit expectations Friday and cut its earnings forecast for the rest of the year. Rival Ingersoll-Rand (IR) rose after it beat profit estimates, even though it issued guidance below Wall Street estimates due to weakening European and Asian markets. Parker-Hannifin's fiscal Q1 earnings per share of $1.57 was 18% lower than the same quarter last
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