PACCAR Earnings, Revenue Beat in Q1 -Breaking
PACCAR (NASDAQ) – Investing.com reported Tuesday that the first quarter beat analyst forecasts with revenue exceeding expectations.
PACCAR reported earnings per share at $1.72 on $6.47B in revenue. Investing.com polled analysts and predicted EPS at $1.54 for revenue $5.94B.
PACCAR shares have fallen 2% since the start of the year. However, they are still 11.49% below their 52-week high of $97.56 on January 26. The Nasdaq is also down by 16.88% since the beginning of the year.
PACCAR shares increased by 2.49 percent in pre-market trading following the release.
PACCAR is following other significant Industrials sector earnings in this month’s PACCAR
PACCAR’s earnings report comes after United Parcel Service reported an earnings beat on Tuesday. They reported EPS at $3.05 for revenue $24.38B. This compares to the forecasts of EPS at $2.89 for revenue $23.82B.
Union Pacific exceeded expectations Thursday, posting a $2.57 EPS on revenues of $5.86B for the first quarter. This compares to the $2.56 EPS forecasted on revenue at $5.71B.
You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar