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Paccar Inc. Announces Rise In Q1 Bottom Line

Paccar Inc. (PCAR) reported a profit for its first quarter that rose from last year.

The company's profit totaled $629.0 million, or $1.81 per share. This compares with $512.1 million, or $1.45 per share, in last year's first quarter.

Analysts had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $6.14 billion from $5.32 billion last year.

Paccar Inc. earnings at a glance:

-Earnings (Q1): $629.0 Mln. vs. $512.1 Mln. last year.
-EPS (Q1): $1.81 vs. $1.45 last year.
-Analysts Estimate: $1.65
-Revenue (Q1): $6.14 Bln vs. $5.32 Bln last year.

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