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Paccar: 2Q Earnings Snapshot

July 23, 2019

BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported second-quarter earnings of $619.7 million.

The Bellevue, Washington-based company said it had profit of $1.78 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.

The truck maker posted revenue of $6.63 billion in the period. Its adjusted revenue was $6.27 billion, which beat Street forecasts. Three analysts surveyed by Zacks expected $6.03 billion.

Paccar shares have climbed 21% since the beginning of the year, while the Standard & Poor’s 500 index has risen 19%. The stock has risen 10% 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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