Oct 31 (Reuters) - Parker-Hannifin ( PH ) raised its

full year profit forecast after posting a quarterly profit that

exceeded Wall Street estimates on Thursday, driven by strong

demand for its parts in the aerospace segment.

Aerospace suppliers are benefiting from a surge in product

orders against a strong travel demand backdrop, even as the

industry struggles with persistent supply chain issues.

Parker, which supplies aerospace parts such as airframes and

engine components to planemakers including Boeing ( BA ) and

Airbus, reported an adjusted first-quarter profit of

$6.20 per share, surpassing analysts' average estimate of $6.14,

according to LSEG data.

The company's aerospace segment saw sales rise to $1.45

billion, compared to the $1.23 billion it posted a year ago.

The Cleveland, Ohio-based company now expects full-year 2025

adjusted earnings per share between $26.35 and $27.05, up from

its previous estimate of $26.30 to $27.00.

Parker said its updated outlook reflects recent divestitures

in its Diversified Industrial Segment, but also warned of

near-term pressure in some industrial markets.

Total sales rose about 1.2% to $4.9 billion, largely in line

with analysts' expectations.