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Paccar: 2Q Earnings Snapshot

July 24, 2018

BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported second-quarter earnings of $559.6 million.

The Bellevue, Washington-based company said it had net income of $1.59 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The truck maker posted revenue of $5.81 billion in the period. Its adjusted revenue was $5.47 billion, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.43 billion.

Paccar shares have decreased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. The stock has decreased roughly 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCAR at https://www.zacks.com/ap/PCAR

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