Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $1.47 on revenue of $6.69B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $5.45B.
PACCAR shares are up 3% from the beginning of the year and are trading at $89.70 , down-from-52-week-high.They are outperforming the Nasdaq which is down 11.44% from the start of the year.
PACCAR shares lost 1.59% in pre-market trade the report.
PACCAR follows other major Industrials sector earnings this month
PACCAR's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
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