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Paccar: 4Q Earnings Snapshot

BELLEVUE, Wash. (AP) _ Paccar Inc. (PCAR) on Tuesday reported fourth-quarter profit of $578.1 million.

The Bellevue, Washington-based company said it had net income of $1.65 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The truck maker posted revenue of $6.28 billion in the period. Its adjusted revenue was $5.93 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $5.78 billion.

For the year, the company reported profit of $2.2 billion, or $6.24 per share. Revenue was reported as $22.14 billion.

Paccar shares have climbed slightly more than 7 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5.5 percent. The stock has declined 22 percent 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