PACCAR Inc. (NASDAQ:PCAR) reported second-quarter earnings that beat analyst expectations on Tuesday, while quarterly sales narrowly missed estimates.
The company reported second-quarter earnings per share of $1.37, beating the analyst consensus estimate of $1.34. Quarterly sales of $6.962 billion missed the Street view of $6.979 billion.
"PACCAR's investments in new trucks such as DAF's 2025 truck range, advanced manufacturing, and technology-enabled aftermarket solutions, will support customers' and the company's growth," said Preston Feight, chief executive officer.
PACCAR shares gained 3.2% to trade at $101.73 on Wednesday.
These analysts made changes to their price targets on PACCAR following earnings announcement.
Considering buying PCAR stock? Here’s what analysts think:
Read This Next:
Photo via Shutterstock
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。