© Reuters. PACCAR earnings, sales hit in the first quarter
Investing.com – PACCAR (NASDAQ 🙂 reported Tuesday, the first quarter, that analysts’ forecasts and revenue exceeded expectations.
PACCAR announced earnings per share of $ 1.35 on sales of $ 5.41 billion. Analysts polled by Investing.com expected earnings per share of $ 1.29 on sales of $ 5.38 billion.
PACCAR stocks are up 8% year-to-date and are still down 9.55% from their 52-week high of $ 103.19 on Jan. 21. They have underperformed, up 8.83% from the start of the year.
According to the report, the PACCAR share gained 0.06% in pre-market trading.
PACCAR follows other key results from the consumer discretionary sector this month
PACCAR’s report follows a jump in earnings for Tesla on Tuesday, which reported earnings per share of $ 0.93 on revenue of $ 10.39 billion, compared with forecast earnings per share of $ 0.7428 on revenue of $ 10.42 billion.
Genuine Parts beat expectations on Thursday with earnings per share of $ 1.5 billion on sales of $ 4.46 billion, compared to a forecast for earnings per share of $ 1.14 on sales of $ 4.3 billion . USD.
Stay up to date on all upcoming earnings reports by visiting Investing.com’s earnings calendar
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.