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Consumer Goods | Trucks & Other Vehicles | USA
Paccar Beats Q3 Estimates On Strong Truck Deliveries
Paccar Inc. (NASDAQ: PCAR) soundly beat third quarter earnings and sales estimates as new truck deliveries worked down a backlog of record orders placed in 2018.
Net income of $607.9 million, or $1.75 per fully diluted share, was up 11% from the $545.3 million, or $1.55 per fully diluted share, earned in the same period in 2018. Third quarter revenue of $6.37 billion also was 11% ahead of the $5.76 billion earned in the July-September period of 2018.
The consensus of analysts following the company estimated $1.64 earnings per share or an improvement of 5.8%, according to investor site Seeking Alpha. Analysts predicted $5.97 billion in revenue, which at 10.1% was closer to the 11% Paccar achieved.
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https://finance.yahoo.com/news/paccar-be...50865.html
![[Bild: PCARc1dl1726.png]](https://finviz.com/publish/102219/PCARc1dl1726.png)
Paccar Beats Q3 Estimates On Strong Truck Deliveries
Paccar Inc. (NASDAQ: PCAR) soundly beat third quarter earnings and sales estimates as new truck deliveries worked down a backlog of record orders placed in 2018.
Net income of $607.9 million, or $1.75 per fully diluted share, was up 11% from the $545.3 million, or $1.55 per fully diluted share, earned in the same period in 2018. Third quarter revenue of $6.37 billion also was 11% ahead of the $5.76 billion earned in the July-September period of 2018.
The consensus of analysts following the company estimated $1.64 earnings per share or an improvement of 5.8%, according to investor site Seeking Alpha. Analysts predicted $5.97 billion in revenue, which at 10.1% was closer to the 11% Paccar achieved.
...
https://finance.yahoo.com/news/paccar-be...50865.html
