Paccar Inc. (PCAR) revealed earnings for first quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $505.1 million, or $0.96 per share. This compares with $1.195 billion, or $2.27 per share, last year.
Excluding items, Paccar Inc. reported adjusted earnings of $769.6 million or $1.46 per share for the period.
Analysts on average had expected the company to earn $1.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 16.1% to $6.913 billion from $8.235 billion last year.
Paccar Inc. earnings at a glance (GAAP) :
-Earnings: $505.1 Mln. vs. $1.195 Bln. last year.-EPS: $0.96 vs. $2.27 last year.-Revenue: $6.913 Bln vs. $8.235 Bln last year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.