Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PACCAR announced earnings per share of $0.43 on revenue of $2.7B. Analysts polled by Investing.com anticipated EPS of $0.3 on revenue of $2.95B.
PACCAR shares are down 0% from the beginning of the year and are trading at $80.00 , down-from-52-week-high.They are under-performing the Nasdaq which is up 20% from the start of the year.
PACCAR shares gained 0.40% in pre-market trade following the report.
PACCAR follows other major Consumer Cyclical sector earnings this month
PACCAR's report follows an earnings missed by Nike on Thursday, June 25, 2020, who reported EPS of $-0.51 on revenue of $6.31B, compared to forecasts EPS of $0.09 on revenue of $7.3B.
AB Electrolux had beat expectations on Friday with second quarter EPS of $-0.11 on revenue of $2.6B, compared to forecast for EPS of $-0.42 on revenue of $2.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar