Investing.com - PACCAR (NASDAQ:PCAR) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
PACCAR announced earnings per share of $2.07 on revenue of $6.79B. Analysts polled by Investing.com anticipated EPS of $1.83 on revenue of $6.56B.
PACCAR shares are down 2% from the beginning of the year and are trading at $89.10 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 24.46% from the start of the year.
PACCAR shares gained 3.57% 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 $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Raytheon Technologies had beat expectations on Tuesday with second quarter EPS of $1.16 on revenue of $16.31B, compared to forecast for EPS of $1.12 on revenue of $16.6B.
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