PACCAR (PCAR) Tops Q2 EPS by 17c

PACCAR (NASDAQ: PCAR) reported Q2 EPS of $1.59, $0.17 better than the analyst estimate of $1.42. Revenue for the quarter came in at $5.81 billion versus the consensus estimate of $5.41 billion.

"PACCAR (Nasdaq: PCAR) achieved record quarterly revenues and excellent net income in the second quarter of 2018,” said Ron Armstrong, chief executive officer. “PACCAR’s financial results reflect strong global truck demand, increasing PACCAR truck production and market share, and robust global aftermarket parts sales. I am very proud of our 27,000 employees who have delivered outstanding products and services to our customers.” Armstrong added, “The positive economic and freight growth in North America and Europe are good indicators that 2019 will be another strong truck market.”

For earnings history and earnings-related data on PACCAR (PCAR) click here.

You May Also Be Interested In

• Mizuho says ignore Apple noise, flags key catalyst for Micron and memory in H2
• Midera Food Processing secures $1B credit deal ahead of spinoff
• KeyBanc Reiterates Overweight Rating on Worthington Steel Inc (WS)