Paccar, Inc. (PCAR) Tops Q2 EPS by 1c

Paccar, Inc. (NASDAQ: PCAR) reported Q2 EPS of $0.90, $0.01 better than the analyst estimate of $0.89. Revenue for the quarter came in at $4.57 billion versus the consensus estimate of $4.43 billion.

“PACCAR’s strong balance sheet and positive cash flows have enabled the company to invest over $2.1 billion in new products and services over the last three years. In the second quarter of 2014, DAF introduced a new range of Euro 6 CF and XF four-axle trucks and tractors for heavy-duty applications. These new vehicles expand DAF’s product range in the construction, container and refuse markets and complement DAF’s award-winning Euro 6 on-highway trucks. Kenworth and Peterbilt also launched their new medium-duty cab-over-engine distribution trucks,” added Armstrong. “These new vehicles will contribute to PACCAR’s long-term global growth.”

For earnings history and earnings-related data on Paccar, Inc. (PCAR) click here.

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