Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.08 on revenue of $5.15B. Analysts polled by Investing.com anticipated EPS of $1.21 on revenue of $4.85B.
PACCAR shares are up 1% from the beginning of the year and are trading at $87.40 , down-from-52-week-high.They are under-performing the Nasdaq which is up 18.14% from the start of the year.
PACCAR shares gained 0.19% in pre-market trade the report.
PACCAR follows other major Consumer Cyclical sector earnings this month
PACCAR's report follows an earnings beat by Tesla on Wednesday, October 20, 2021, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.62 on revenue of $14B.
Autoliv Inc. SDB had missed expectations on Friday with third quarter EPS of $6.25 on revenue of $15.82B, compared to forecast for EPS of $7.01 on revenue of $16.28B.
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