PACCAR Q3 Earnings Beat Estimates, Stock Dips Amid Lower Deliveries [Yahoo! Finance]
PACCAR Inc. (PCAR)
Last paccar inc. earnings: 1/28 08:00 am
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Source: Yahoo! Finance
The company reported third-quarter earnings per share of $1.85, beating the street view of $1.82 . Quarterly sales of $7.70 billion, beating the analyst consensus estimate of $7.65 billion. PACCAR achieved net income of $972.1 million, compared to $1.23 billion in the same period last year. Global truck deliveries in the quarter under review totaled 44,900 units, lower than 50,100 units in the year-ago period. “Kenworth and Peterbilt's strong 31.1% market share this year reflects the superior quality and operating performance of our trucks,” said Kevin Baney, PACCAR senior vice president. “Strong infrastructure spending in the U.S. has been good for Kenworth and Peterbilt's business due to our market share leadership in vocational trucks.” The company noted that the less-than-truckload segment is performing well, while the truckload segment is weak. PACCAR estimates that U.S. and Canada Class 8 truck industry retail sales will be between 250,000 and 270,000 vehicles in 2024
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PCAR
News
- Paccar (PCAR) Up 6% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- PACCAR Inc (NASDAQ: PCAR) had its price target raised by analysts at Citigroup Inc. from $110.00 to $120.00. They now have a "neutral" rating on the stock.MarketBeat
- Nebraska files antitrust lawsuit against heavy-duty truck manufacturers over EV push [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nebraska files antitrust lawsuit against heavy-duty truck manufacturers over EV push [Yahoo! Finance]Yahoo! Finance
- PACCAR Inc (NASDAQ: PCAR) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating. They now have a $129.00 price target on the stock, up previously from $99.00.MarketBeat
PCAR
Earnings
- 10/22/24 - Beat
PCAR
Sec Filings
- 11/4/24 - Form 8-K
- 11/1/24 - Form 4
- 11/1/24 - Form 144
- PCAR's page on the SEC website