BUZZ-PACCAR falls on downbeat quarterly profit as truck, parts sales slow
Reuters
Oct 21
BUZZ-PACCAR falls on downbeat quarterly profit as truck, parts sales slow
** Shares of truck maker PACCAR PCAR.O fall nearly 3% to about $94.4 in premarket trading
** Co posts Q3 profit of $1.12/share, below analysts' average estimate of $1.16/share - data compiled by LSEG
** “The new Section 232 truck tariffs that are scheduled to begin in November should bring clarity to the market in the coming months," PACCAR CEO Preston Feight says
** Reports Q3 revenue of $6.67 bln vs. expectation of $6.37 bln
** As of last close, shares down about 6.3% YTD
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
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