Paccar: Q2 earnings snapshot

BELLEVUE, Wash. (AP) — Paccar (PCAR) on Tuesday reported second-quarter earnings of $1.22 billion.

On a per-share basis, the Bellevue, Washington-based company said it had net income of $2.33.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.

The truck maker posted revenue of $8.88 billion in the period. Its adjusted revenue was $8.44 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $8.28 billion.

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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

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