Paccar: Q2 Earnings Snapshot
By AP News
Published - Jul 25, 2023, 08:18 AM ET
Last Updated - Jul 25, 2023, 08:18 AM EDT
BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported second-quarter earnings of $1.22 billion.
On a per-share basis, the Bellevue, Washington-based company said it had net income of $2.33.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The truck maker posted revenue of $8.88 billion in the period. Its adjusted revenue was $8.44 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $8.28 billion.
