• ITVI.USA
    15,707.730
    81.870
    0.5%
  • OTRI.USA
    23.490
    0.230
    1%
  • OTVI.USA
    15,707.910
    79.950
    0.5%
  • TLT.USA
    2.800
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    3.390
    -0.060
    -1.7%
  • TSTOPVRPM.CHIATL
    2.840
    -0.080
    -2.7%
  • TSTOPVRPM.DALLAX
    1.510
    -0.070
    -4.4%
  • TSTOPVRPM.LAXDAL
    3.290
    0.080
    2.5%
  • TSTOPVRPM.PHLCHI
    1.980
    -0.060
    -2.9%
  • TSTOPVRPM.LAXSEA
    3.900
    0.100
    2.6%
  • WAIT.USA
    124.000
    -3.000
    -2.4%
  • ITVI.USA
    15,707.730
    81.870
    0.5%
  • OTRI.USA
    23.490
    0.230
    1%
  • OTVI.USA
    15,707.910
    79.950
    0.5%
  • TLT.USA
    2.800
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    3.390
    -0.060
    -1.7%
  • TSTOPVRPM.CHIATL
    2.840
    -0.080
    -2.7%
  • TSTOPVRPM.DALLAX
    1.510
    -0.070
    -4.4%
  • TSTOPVRPM.LAXDAL
    3.290
    0.080
    2.5%
  • TSTOPVRPM.PHLCHI
    1.980
    -0.060
    -2.9%
  • TSTOPVRPM.LAXSEA
    3.900
    0.100
    2.6%
  • WAIT.USA
    124.000
    -3.000
    -2.4%
Company earningsNewsTrucking

PACCAR Q3 earnings fall but beat estimate

Lower results expected but numbers exceed expectations

PACCAR Inc. (NASDAQ: PCAR) earnings per share fell 36.57% year over year to $1.11, which beat the estimate of $0.95. Revenue of $4,538 billion declined by 24.42% from the same period last year, which beat the estimate of $4,410 billion.

PACCAR manufactures medium- and heavy-duty trucks under the Kenworth and Peterbilt brands, which are primarily sold in North America and Australia. Its DAF-branded trucks are sold in Europe and South America. The three brands have 2,200 independent dealers in 103 countries.

Kenworth and Peterbilt hold 29% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Consolidated revenue for 2019 was $25.6 billion, including $1.5 billion of financial-services revenue.

Shares of PACCAR moved higher by more than 5% in pre-market trading following the company report.

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