Filtration equipment maker Pall Corporation (NYSE:PLL) reported on Wednesday that profit moved up 11% in its fiscal Q3, but the results fell short of Wall Street forecasts.
Pall reported that its earnings moved up to $78.9 million or 67 cents a share in the quarter finished April 30. The company announced income of $71.1 million or 60 cents a share in previous year. The corporation made 70 cents a share in the previous quarter without special items. Revenue climbed around 1%, to $715.2 million from $709.8 million.
FactSet analysts, who generally exclude special items, estimates profit of 76 cents a share on revenue of $706.4 million.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Parker-Hannifin Corporation (NYSE:PH) increased +2.41% to settle at $80.25, General Electric Company (NYSE:GE) moved up +3.51% to end at $18.88 while Pentair, Inc. (NYSE:PNR) jumped +0.95% to finish on Wednesday at $39.52.
Pall Corporation (NYSE:PLL) on June 06, 2012 increased +0.15% to the closing price of $54.63. The overall volume in the last trading session was 2.10 million shares. Its fifty two week range was $39.81-$64.55. The total market capitalization remained $6.33 billion.
PLL is ahead its 52 week low with +38.70% and lagging behind from its 52 week high price with -15.06%. PLL last month stock price volatility remained 2.22%. In its share capital PLL has 11.80 million outstanding shares among them 115.60 million shares have been floated in market exchange. PLL stock institutional ownership remained 96.39% while insider ownership included 0.05%.
The stock price of PLL is moving down from its 20 days moving average with -3.81% and remote negatively from 50 days moving average with -5.87%. PLL current year earnings per share experienced an addition with +31.42% while its current quarter performance remained 84.00%. Company’s beta coefficient included 1.16. Beta factors measures the amount of market risk associated with market trade.
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