Parker-Hannifin Corporation PH reported mixed results for third-quarter fiscal 2019 (ended March 2019), wherein its earnings beat estimates but revenues lagged the same.Earnings/ RevenuesQuarterly adjusted earnings came in at $3.17 per share, up 13.2% year over year from $2.80 per share. The bottom line also outpaced the Zacks Consensus Estimate of $3.01.Revenues for the fiscal third quarter were $3,687.5 million, down 1.7% year over year. However, the figure improved 2% organically. Notably, the top line missed the consensus estimate of $3.71 billion.Parker-Hannifin Corporation Price, Consensus and EPS Surprise Parker-Hannifin Corporation Price, Consensus and EPS Surprise | Parker-Hannifin Corporation QuoteSegmental BreakupRevenues in the North American segment came in at $1,750.6 million, down 1% year over year.The company’s International top-line performance depreciated 8% to $1,284.9 million in the reported quarter.The Aerospace Systems segment generated revenues of $652.1 million, up 9% year over year.Costs/MarginsCost of sales in the fiscal third quarter was $2,766.7 million, down 1.9% year over year. Selling, general and administrative expenses were $360.9 million, down from $416.5 million incurred in the year-ago quarter. Adjusted operating margin was 17.2%, up 90 basis points.Balance Sheet/Cash FlowExiting the fiscal third quarter, Parker-Hannifin had cash and cash equivalents of $1,098.7 million, up from $1,089.5 million recorded as of Mar 31, 2018. At the end of the reported quarter, long-term debt was $4,284.2 million compared with $4,818.6 million as of Mar 31, 2018.In the first nine months of fiscal 2019, the company generated $1,092.6 million cash from operating activities, up from $901.2 million witnessed in the comparable period last fiscal year.OutlookParker-Hannifin intends to boost its near-term revenues and profitability on the back of its Win Strategy. This Zacks Rank #3 (Hold) company has revised its earnings view for fiscal 2019 from $11.35-$11.85 to $11.45-$11.75 per share. However, organic revenue growth is predicted to lie in the 2-3% range, lower than the prior view of 2-4%.Stocks to ConsiderSome better-ranked stocks in the space are iRobot Corporation IRBT, Cintas Corporation CTAS and Actuant Corporation ATU. While iRobot sports a Zacks Rank #1 (Strong Buy), Cintas and Actuant carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.iRobot exceeded estimates in each of the trailing four quarters, the average beat being 94.52%.Cintas surpassed estimates in each of the trailing four quarters, the average beat being 6.09%.Actuant surpassed estimates in each of the trailing four quarters, the average beat being 11.01%.Zacks' Top 10 Stocks for 2019In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.See Latest Stocks Today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iRobot Corporation (IRBT): Free Stock Analysis Report Cintas Corporation (CTAS): Free Stock Analysis Report Actuant Corporation (ATU): Free Stock Analysis Report Parker-Hannifin Corporation (PH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research