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Paccar: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported first-quarter net income of $1.2 billion.

The Bellevue, Washington-based company said it had net income of $2.27 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.

The truck maker posted revenue of $8.74 billion in the period. Its adjusted revenue was $8.24 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $8.08 billion.

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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