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Parker Hannifin reports record earnings (access required)

Parker Hannifin Corp. on Thursday reported record third-quarter sales and earnings, beating Street estimates. Sales for the quarter ended March 31 rose 20 percent to $3.75 billion, compared with $3.12 billion last year. Net income for the quarter increased to a record $366.1 million from $238.8 million in the third quarter last year. On a per-share basis, ...

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