PACCAR Earnings, Revenue Beat in Q1
2022.04.26 16:01
PACCAR Earnings, Revenue Beat in Q1
Investing.com – PACCAR (NASDAQ:PCAR) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.72 on revenue of $6.47B. Analysts polled by Investing.com anticipated EPS of $1.54 on revenue of $5.94B.
PACCAR shares are down 2% from the beginning of the year, still down 11.49% from its 52 week high of $97.56 set on January 26. They are outperforming the Nasdaq which is down 16.88% from the start of the year.
PACCAR shares gained 2.49% in pre-market trade following the report.
PACCAR follows other major Industrials sector earnings this month
PACCAR’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on Thursday with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
