BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported fourth-quarter net income of $872 million.
The Bellevue, Washington-based company said it had profit of $1.66 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The truck maker posted revenue of $7.91 billion in the period. Its adjusted revenue was $7.36 billion, which also missed Street forecasts. Six analysts surveyed by Zacks expected $7.44 billion.
For the year, the company reported profit of $4.16 billion, or $7.90 per share. Revenue was reported as $31.56 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
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