BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported first-quarter earnings of $733.9 million.
On a per-share basis, the Bellevue, Washington-based company said it had profit of $1.40. Earnings, adjusted for non-recurring costs, came to $2.25 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The truck maker posted revenue of $8.47 billion in the period. Its adjusted revenue was $8.05 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $7.62 billion.
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