Paccar: 3Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported third-quarter profit of $545.3 million.

The Bellevue, Washington-based company said it had profit of $1.55 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The truck maker posted revenue of $5.76 billion in the period. Its adjusted revenue was $5.42 billion, falling short of Street forecasts. Five analysts surveyed by Zacks expected $5.5 billion.

Paccar shares have decreased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 3 percent. The stock has dropped 19 percent in the last 12 months.

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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