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PCAR PACCAR Inc

103.71
-2.75 (-2.58%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
PACCAR Inc NASDAQ:PCAR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.75 -2.58% 103.71 100.00 104.75 107.29 104.44 107.11 3,899,163 01:00:00

Paccar Profit Rises in 3Q

22/10/2019 2:16pm

Dow Jones News


PACCAR (NASDAQ:PCAR)
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From May 2019 to May 2024

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By Micah Maidenberg

 

Paccar Inc. (PCAR) said its profit rose for the third quarter amid higher demand for large trucks in the U.S. and Canada.

The Bellevue, Wash.-based truck manufacturer on Tuesday reported net income of $607.9 million, or $1.75 a share, up from $545.3 million, or $1.55 a share, a year ago.

Analysts polled by FactSet were expecting earnings of $1.64 a share.

Total revenue increased to $6.37 billion from $5.76 billion a year earlier.

The company also said Tuesday that retail sales in North America of so-called Class 8 trucks are expected to range from 310,000 to 320,000 this year, the second-highest level on record.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

October 22, 2019 09:01 ET (13:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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