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Recap: PACCAR Q3 Earnings

Benzinga Insights
·1 min read

Shares of PACCAR (NASDAQ:PCAR) moved higher by 2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 36.57% year over year to $1.11, which beat the estimate of $0.95.

Revenue of $4,538,000,000 declined by 24.42% from the same period last year, which beat the estimate of $4,410,000,000.

Guidance

PACCAR hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 20, 2020

View more earnings on PCAR

Time: 12:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/9m8rnrn5

Price Action

52-week high: $91.60

52-week low: $49.11

Price action over last quarter: Up 7.41%

Company Overview

Paccar is a manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Its trucks are sold through 2,200 independent dealers in 103 countries. It currently commands 29% of the class 8 market share in North America and 17% of the heavy-duty market share in Europe. Its consolidated revenue for 2019 was $25.6 billion, including $1.5 billion of financial-services revenue.

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