BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported second-quarter earnings of $1.12 billion.
The Bellevue, Washington-based company said it had profit of $2.13 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The truck maker posted revenue of $8.77 billion in the period. Its adjusted revenue was $8.26 billion, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $8.31 billion.
