Paccar Q3 Earnings Match Estimates at $1.61 Per Share, Revenue Falls Short

Paccar Inc. (PCAR) reported third-quarter earnings of $847.5 million on Tuesday, with net income of $1.61 per share matching the average estimate of six analysts surveyed by Zacks Investment Research. The Bellevue, Washington-based truck maker posted revenue of $7.94 billion for the period. Adjusted revenue came in at $7.38 billion, missing Street forecasts of $7.48 billion from four analysts surveyed by Zacks. The results reflect steady profitability against softer-than-expected top-line performance.