Paccar Inc. (PCAR) announced a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $723.8 million, or $1.37 per share. This compares with $1.122 billion, or $2.13 per share, last year.
Excluding items, Paccar Inc. reported adjusted earnings of $1.493 billion or $2.83 per share for the period.
Analysts on average had expected the company to earn $1.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 15.7% to $6.962 billion from $8.262 billion last year.
Paccar Inc. earnings at a glance (GAAP) :
-Earnings: $723.8 Mln. vs. $1.122 Bln. last year.-EPS: $1.37 vs. $2.13 last year.-Revenue: $6.962 Bln vs. $8.262 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.