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Paccar: 1Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported first-quarter earnings of $629 million.

The Bellevue, Washington-based company said it had profit of $1.81 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The truck maker posted revenue of $6.49 billion in the period. Its adjusted revenue was $6.14 billion, which also topped Street forecasts. Five analysts surveyed by Zacks expected $5.99 billion.

Paccar shares have increased 25% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. The stock has risen 11% in the last 12 months.


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