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PACCAR Earnings Miss, Revenue Beats In Q3 -Breaking

by Mike Robinson

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© Reuters. PACCAR Earnings Miss, Revenue Beats In Q3

PACCAR (NASDAQ 🙂 announced Tuesday the results of its third quarter. Revenue exceeded analysts’ expectations and Investing.com missed their forecasts.

PACCAR reported earnings per share at $1.08 for revenue of $5.15B. Investing.com polled analyst to predict EPS of $1.21 based on $4.85B in revenue.

PACCAR shares rose 1% over the first of the year. However, they are down 15.47% from their 52-week peak of $103.19 on January 21. They have been outperforming the Nasdaq, up 18.14% over the same period.

PACCAR shares rose 0.19% in premarket trade after the release.

PACCAR is following other important Consumer Cyclical Sector earnings this month

PACCAR reports on a Tesla earnings beat on October 20th, reporting EPS $1.86 per share on $13.76B in revenue. Forecasts for EPS $1.62 were made on $14B revenue.

Autoliv Inc. SDB disappointed with Friday’s third quarter earnings per share of $6.25, on revenue $15.82B. This compares to the forecast of $7.01 for revenue $16.28B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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