PACCAR Achieves Good Quarterly Revenues and Profits
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PACCAR (PCAR) Misses Q1 EPS by 17c, Revenues Beat
April 21, 2020 8:32 AM EDTPACCAR (NASDAQ: PCAR) reported Q1 EPS of $1.03, $0.17 worse than the analyst estimate of $1.20. Revenue for the quarter came in at $5.16 billion versus the consensus estimate of $4.9 billion.
Highlights First Quarter 2020
Highlights of PACCARs financial results during the first quarter of 2020 include:
Consolidated net sales and revenues of $5.16 billion.Net income of $359.4 million.PACCAR Parts revenues of $998.6 million and pretax profits of $214.7 million.PACCAR Financial Services revenues of $383.7 million and pretax profits of $48.3 million.Research and development expenses of $71.0 million.Capital investments of $177.1 millionCash flow from operations of... More