BELLEVUE, Wash. (AP) — BELLEVUE, Wash. (AP) — Paccar Inc. (PCAR) on Tuesday reported third-quarter net income of $1.23 billion.
On a per-share basis, the Bellevue, Washington-based company said it had profit of $2.34.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The truck maker posted revenue of $8.7 billion in the period. Its adjusted revenue was $8.23 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.06 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCAR at https://www.zacks.com/ap/PCAR